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In this video, Mark Davis from Optimum Technology Transfer discusses using the REPLACE function in Excel. He highlights the importance of text or string functions for cleaning and organizing data, referencing his previous videos on the topic. The focus is on standardizing order IDs that consist of two numbers, followed by four variables, and ending with three numbers. Mark aims to replace the varying four characters with a consistent format to achieve uniformity across the order IDs. His tutorial aims to demonstrate the practical application of the REPLACE function in this context.