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In this tutorial, the speaker discusses how slices can add interactivity to reports by allowing users to filter and update data. Slicers are typically used with pivot tables and charts, but not with standard formulas. The tutorial demonstrates a method to make slices work with standard formulas. The scenario involves two main data tables - actual and budget. The goal is to create a report showing actual, budget, and variance controlled by a slicer. Rather than using a pivot table or data model, the tutorial focuses on keeping the tables separate for simplicity.