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In this tutorial, Mark Davis from Optimum Technology Transfer explains the use of the REPLACE function in Excel, which is a part of the text or string functions that help clean and organize data. Mark emphasizes his appreciation for these functions and previews his previous videos on the topic. He demonstrates the REPLACE function using a series of order IDs composed of two numbers, four characters, and three additional numbers. His goal is to standardize these order IDs by replacing the varying four characters with a consistent format. This video aims to guide viewers in effectively using the REPLACE function to enhance their data management skills.