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In this video tutorial, Mark Davis from Optimum Technology Transfer discusses the use of the REPLACE function in Excel, a key feature for cleaning and organizing data. He emphasizes his appreciation for text functions in Excel, having created various videos on the topic. The focus is on a specific case involving order IDs, each of which consists of two numbers, followed by four characters, and then three numbers. Mark aims to standardize these order IDs by replacing the varying four characters. He will demonstrate how to effectively use the REPLACE function to achieve this.