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In this tutorial, the presenter introduces the SELECTEDVALUE function in DAX, highlighting its utility and effectiveness. Understanding how and when to use SELECTEDVALUE is essential for applying it in various scenarios. The video showcases a report displaying product information, including product names, sales amounts, and product classes in a table format. The tutorial demonstrates the flexibility of DAX functions, pointing out that the product class can be repositioned in the report. Additionally, the presenter shows how to transform the table into a matrix, emphasizing the versatility of using SELECTEDVALUE for organizing data effectively.