Alias for field values

Ability to rename the values in a column in couple of clicks will be much helpful. Some time it is required to abbreviate long values or descriptive text for short codes. This is useful not all the values need changes but only few. current workaround is using DAX or M, or via separate table. but it is a hassle since creating multiple DAX columns or linked columns adding more redundancy. In tableau it is handled nicely out of box.

Please release this simple but great feature at the earliest.