Cut - Utility used to cut/Strip out the required data/text from the source.
Cut can be used in three modes
Stripping by Character
cut -c 1-3
STriping by Byte length
cut -b -1-72
Stripping by delimiter and fields.
cut -d | -f1
where
-d | -> Deleimter used in input text to seperate columns
-f1 -> Field/Column number
while processing Huge input files Cut's perfomance is far better than awk