The Difference Between Office 365 & Office 2016
The Microsoft video below describes Office 365 Home, however the key differences are the same for Business and Enterprise versions as well. Office 2016 is available as a one-time purchase, whereas Office 365 is a subscription. Services such as Microsoft Exchange Online, SharePoint Online and OneDrive/OneDrive for Business are only available through Office 365 Business and Enterprise plans.
Features, Updates and New Releases
As mentioned previously, Microsoft is constantly updating, tweaking, and adding new features to Office 365. Here is an overview of recent additions to Office 365 as of July, 2016.