The cloud is the latest innovation in the information technology (IT) world. Companies are changing the way they use their technologies, migrating their workloads to the cloud to access new technologies, and optimizing their budgets to be more competitive in the market. These kinds of technologies have their own innovations and new features that are only available in the cloud, while others might, eventually, be available on premises at a later time.
Office 365 is a software as a service (SaaS) product, which means you don't need to worry about energy, data centers, hardware, redundancy, operating systems, security, or features updates. It is an enterprise solution available to organizations of all sizes, and one of its big advantages is that you only pay for what you want to use.