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In this video, the presenter introduces the SELECTEDVALUE function in DAX, highlighting its usefulness and power in various scenarios. Understanding how and when to use SELECTEDVALUE is essential for leveraging its capabilities effectively. The demonstration begins with a report displaying product name, sales amount, and product class in a table format. The presenter shows how the table can be transformed into a matrix, emphasizing that SELECTEDVALUE can help in managing data when dealing with different visual presentations. By grasping its functionality, users can apply SELECTEDVALUE to enhance their data analysis in multiple situations.