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In this tutorial, the presenter, John, demonstrates how to split date and time stored in a single Excel cell into two separate cells using the round down formula. He explains that simply formatting the column to display only the date will not actually change the data stored, which can lead to issues when categorizing or looking up information. The goal is to separate the combined date and time into distinct columns—one for the date and one for the time—to avoid problems and facilitate better data management. John provides a practical example using sales data, emphasizing the importance of correctly storing dates for effective manipulation.