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Office 365 is many things, but it is not a data protection and management program.
As a cloud app, it maintains a copy of your current work, and you can pay extra for longer retention times, but it is simply not designed to provide the full-featured protection, archiving, and compliance capabilities that SaaS apps require.
Read this e-book to discover 4 reasons why cloud-native data protection and management is essential to any Office 365 deployment and how to ensure O365 data is properly backed up.