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Today's video is about Excel's IF function. It explains how the function can be used alone, when to use multiple IFs, and how to combine it with other logical functions like AND or OR. Whenever a formula based on a condition is needed, IF is a good option. When considering nested IFs, which involve using another IF inside an IF, look for situations with "buts" in the sentences. Examples are provided, like marking entities based on revenue values. The tutorial also shows how to use IF to mark apps as "Good" if revenue is above a certain value. The logical test in this case is whether the revenue is above 15,000.
