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Updating entire column of data in a table according to rule

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I have a table where the entries in the Owner column as all set to the same value, a lookup field.  I would like to attempt to edit this entire column and try to set the owner by using the value from another column.  So far, I've done this by exporting to excel, changing the values and importing it.

Is there a better way to go about this?  Where do I start?

Thank you.


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