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The video tutorial introduces the keyboard shortcut Ctrl e as an alternative to using formulas in Excel. The shortcut allows users to quickly combine data without the need for complex formulas. By typing out the first name once and then using Ctrl e, users can easily combine names in Excel. The tutorial demonstrates how to use Ctrl e in different situations, such as combining last name and first name in a reporting format without using text to columns or delimiters. Overall, Ctrl e is a versatile and time-saving shortcut that can be utilized in various Excel tasks.