Microsoft 365 is introducing an archive feature for SharePoint to archive inactive sites, which will help save on storage costs. This feature will be available worldwide from late April to mid-May 2024. SharePoint and Global admins can manage this through the SharePoint admin center or PowerShell. Preparation involves identifying inactive sites suitable for archiving. More information is available on the Microsoft 365 Roadmap and Microsoft Learn.
Applies to: SharePoint Online
Source: mc.merill.net — data via Merill Fernando's open archive (MIT).