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Microsoft Excel is a versatile tool for data management and analysis. At the basic level, users can create spreadsheets, use simple formulas, and format data. The intermediate level includes functions like VLOOKUP, PivotTables, and conditional formatting for better data analysis. At the advanced level, users can automate tasks with macros and VBA, work with Power Query, and handle complex data operations. Mastering Excel improves efficiency and decision-making across various fields.