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In which scenario we use Lookup instead of ApplyMap. Please provide the example for the same with some scenario.
ApplyMap() is usually faster and simpler than Lookup, and allows defined values for when a match is not made. So i would only use Lookup() if ApplyMap() was impractical. Although if the data was already loaded for some other reason, and the table was not too large, you could use Lookup() rather than reloading a mapping table for ApplyMap().