Simply stated, SharePoint is both a standalone server product focused on supporting collaboration through documents and business workflows, and an important piece of Office 365.   Office 365 unifies SharePoint, Exchange, Skype for Business, and Azure services within a single interface for organizations to be productive. Running in the cloud on Microsoft’s Azure platform,  Office 365 is optimized to deliver end-user experiences and allow for Microsoft to rapidly add technologies to its productivity offerings.

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