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In this video tutorial, Simon explains how to reduce the size of Excel files as they grow in complexity due to added data. The size of Excel files can range from kilobytes to megabytes, affecting their speed and shareability. One way to reduce the file size is by saving it as a binary spreadsheet, which can be achieved by navigating to File, selecting Save As, entering a file name and location, and choosing the Excel binary workbook option before saving.
