Having Purview without wanting Purview

Microsoft Purview functionality is included with Microsoft 365 or Office 365 licensing. The list below details the features available with Microsoft Purview in Business Premium:

Information Protection

Sensitivity Labels

• Sensitivity labels can be manually applied to files and emails. These labels can include encryption to protect sensitive information.
• Container Sensitivity labels can be manually applied to Microsoft 365 Groups, Teams, and SharePoint sites to provide access controls such as internal and external sharing and guest access.

Data Loss Prevention (DLP)

• DLP policies can be applied to email, SharePoint, and OneDrive files to prevent the sharing of sensitive information.

Data Lifecycle Management

Retention Policies

• Retention policies can retain (prevent deletion), retain and then delete, or delete content based on when the content was created (or created and last modified for files). These policies can be applied to all content in specific locations, such as SharePoint sites, mailboxes, OneDrive, Teams messages, etc.

Retention Labels

• Retention labels can be manually applied to files and emails. These labels can retain (prevent deletion), retain and then delete, or delete content based on when the content was created (or created and last modified for files). This allows for the selective application of labels to content.

eDiscovery

Admin Content Search

• Admin Content Search allows you to search across the entire tenant rather than just the content you have access to as a user. This is useful for IT investigations.

Litigation Hold

• Litigation hold allows you to block the deletion of content in a mailbox. This is used when there is an ongoing investigation or legal case, and you need to preserve evidence.

Auditing

• All Microsoft 365 activities are audited and retained for 180 days. This is useful for IT investigations.

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References

Microsoft 365 license guide for small and medium businesses, which included Business Premium: modern-work-plan-comparison-smb5.pdf 

Overview of all the Purview features: Microsoft Purview service description - Service Descriptions