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In this tutorial, you will learn how to reduce the file size of an Excel file in two ways: using the pivot cache feature and using the data model. The demonstration starts with a large dataset with almost a million rows and 20 columns, resulting in a 97MB file size. To make the file more manageable for sharing, the data is converted into a pivot table. The steps involve selecting the data range, going to the insert tab, and choosing the pivot table option. By using this method, you can significantly reduce the file size before sharing it via email.