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In this video, Mark Davis from Optimum Technology Transfer provides a tutorial on using the REPLACE function in Excel. He emphasizes his interest in text or string functions for cleaning and organizing data, having created many related videos. The focus of this session is on the REPLACE function, particularly in the context of standardizing order IDs, which consist of two numbers, followed by four characters, and then three additional numbers. Mark aims to replace the varying four characters in the order IDs to achieve uniformity across the dataset.