REPLACE replaces part of a text string, based on the number of characters you specify, with a different text string.
REPLACE(<old_text>, <start_num>, <num_chars>, <new_text>)
|The string of text that contains the characters you want to replace, or a reference to a column that contains text.
|The position of the character in old_text that you want to replace with new_text.
|The number of characters that you want to replace. Warning: If the argument, num_chars, is a blank or references a column that evaluates to a blank, the string for new_text is inserted at the position, start_num, without replacing any characters. This is the same behavior as in Excel.
|The replacement text for the specified characters in old_text.
A text string.
Whereas Microsoft Excel has different functions for use with single-byte and double-byte character languages, DAX uses Unicode and therefore stores all characters as the same length.
This function is not supported for use in DirectQuery mode when used in calculated columns or row-level security (RLS) rules.
The following formula creates a new calculated column that replaces the first two characters of the product code in column, [ProductCode], with a new two-letter code, OB.
= REPLACE('New Products'[Product Code],1,2,"OB")