Specify the replacement to use for the $N3 view name replacement eg $1 to use the first captured group.
The view name is processed with replaceAll(regexMatch, regexReplacement).
eg with '(\w)\w*|\s' and '$1', the initial letters will be kept
eg 'All The Jobs We Have' will be shortened to ATJWH
which is quite a neat way of shortening tab names when you have lots of tabs and use a consistent naming convention.
Alternatively, choose to only use the status information label patterns when there are unsuccessful jobs.