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In this video tutorial, the instructor introduces the SELECTEDVALUE function in DAX, emphasizing its usefulness and versatility in various scenarios. To utilize SELECTEDVALUE effectively, one must understand its functionality. The tutorial includes examples demonstrating where the function can be particularly valuable. For instance, a report shows product names, sales amounts, and product classes in a table format. The instructor explains the ease of moving columns from the product table within the report. Additionally, the transformation of the table into a matrix format is discussed, indicating how SELECTEDVALUE can play a role in enhancing data presentation and analysis.