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To remove inverted commas from data, you can use the find and replace method by pressing Ctrl H, entering the inverted commas, and replacing them with nothing, which works effectively. However, if you try to use the SUBSTITUTE formula for this task, you'll face issues because it doesn't handle the inverted commas as expected. Instead, when using the formula, you need to input four inverted commas in a row to signify the intended operation. Once you do this correctly, the formula will work as intended, allowing you to remove the unwanted characters from your text.