How to use a REPLACE function in SQL UPDATE statement
Suppose you have a following ‘MasterData’ table in SQL,

Using REPLACE in an UPDATE statement
And you want to replace a ‘!!’ by ‘{{‘ and ‘||‘ by ‘}}‘ in data column of table. How would you do it.
=> You can do it by using Replace function in an Update statement of SQL Server as below,
UPDATE dbo.MasterData
SET Value = REPLACE(REPLACE(Data, '!!', '{{'),'||','}}')
WHERE ID = 1
Inner Replace function is used for replacing ‘!!’ characters and outer replace function is used to replace ‘||’.