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Mark Davis from Optimum Technology Transfer introduces a video tutorial on using the REPLACE function in Excel, highlighting its importance among text or string functions for data cleanup. He mentions that he has created various videos on similar topics and focuses on the REPLACE function in this session. Davis explains that he has a series of order IDs composed of two numbers, four characters, and three more numbers. His goal is to standardize these order IDs by replacing the differing four characters to ensure consistency across the data. The tutorial aims to demonstrate the practical application of the REPLACE function in achieving this standardization.