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Mark Davis from Optimum Technology Transfer presents a tutorial on using the REPLACE function in Excel, highlighting its importance in data cleaning and standardization. He emphasizes his preference for text or string functions and has previously discussed others in his videos. The focus of this tutorial is on the REPLACE function, illustrated through a practical example involving order IDs. Each order ID consists of two numbers, followed by four characters, and three additional numbers. Davis aims to standardize these IDs by replacing the varying four characters to ensure consistency across the dataset.