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In this video, the presenter introduces the SELECTEDVALUE function in DAX, highlighting its utility and versatility in various scenarios. Understanding this function is crucial for effective use. The tutorial begins with a report showcasing product name, sales amount, and product class in a table format. The presenter illustrates how SELECTEDVALUE can enhance report functionality by demonstrating the transformation of the table into a matrix. This transition allows for a more organized presentation of data. The overall aim is to equip viewers with knowledge on when and how to effectively utilize the SELECTEDVALUE function in their DAX reports.