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Office is a cloud based service apart from exchange . The high availability of office is..9 %. As well you won’t need to worry about purchasing, upgrading and managing hardware with Exchange Online to help reduce the total cost of ownership of your email system. by default you will get GB storage.
Office had following advantages over Exchange
1. Cost: You don't need to worry about purchasing, upgrading and managing hardware. Updates, upgrades andx7 IT phone support is also included
2. High availability: High availability and redundancy is built in and there is a financially-backed.9% SLA
3. Management & Control: Manage Exchange from a single, web-based administrative experience with the Exchange Administration Center which gives you rich capabilities and a streamlined experience.
4. Storage: GB is included by default while in Exchange you can configure to meet your organization's needs and policies
5. Public Folders: Public Folders are now supported in Exchange Online with new, modern public folders
