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In this tutorial, Mark Davis from Optimum Technology Transfer explores the use of the REPLACE function in Excel. He emphasizes the importance of text or string functions for cleaning and organizing data. Using a series of order IDs, which consist of two numbers, four characters, and three additional numbers, Mark demonstrates how to standardize these IDs by replacing the varying four characters with a consistent value. This video is part of a broader series aimed at helping viewers effectively use text functions in Excel for data management.