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You can now insert images directly inside Excel cells, allowing for image lookups and enhancing the professionalism of Excel dashboards. The tutorial explains the process, starting with a setup featuring a list of managers, their projects, and accompanying pictures. The image size will adjust according to the cell size. Users can view a larger version of the image by pressing Ctrl + Shift + F5 or by right-clicking to show the image. Stay tuned for additional tips and discoveries during the demonstration.