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In this tutorial, Mark Davis from Optimum Technology Transfer discusses the use of the REPLACE function in Excel. He emphasizes the importance of text or string functions for cleaning and tidying data. Mark introduces a practical example involving order IDs, which consist of two numbers, four characters, and three additional numbers. His goal is to standardize these order IDs by replacing the varying four characters within the strings. This video contributes to his broader series showcasing how text functions work in Excel.