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In this tutorial, Mark Davis from Optimum Technology Transfer explains how to use the REPLACE function in Excel, focusing on text or string functions that help tidy up data. He uses a series of order IDs composed of two numbers, four characters, and three additional numbers. The goal is to standardize these order IDs by replacing the varying four characters. Mark emphasizes the utility of text functions for cleaning data and refers to his other YouTube videos on the topic, aiming to illustrate the practical application of the REPLACE function in data management.