SharePoint Premium, the Future of Intelligent Document Processing

SharePoint Premium

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We’re here to unveil the transformation of Microsoft Syntex into something truly groundbreaking – presenting SharePoint Premium. This evolution represents a significant enhancement in Microsoft’s content services platform, designed to elevate your content management experience and unlock new levels of productivity.

The Journey: Microsoft Syntex to SharePoint Premium

Formerly known as Microsoft Syntex, SharePoint Premium is not just a rebranding; it’s a leap into the future. The announcement was made official at Ignite on November 15, 2023, marking a milestone in the integration of AI-powered content processing capabilities into this premium offering.

So, What Exactly is SharePoint Premium?

In a nutshell, SharePoint Premium is a content understanding, processing, and compliance service powered by AI and machine training. This service works seamlessly within your SharePoint library, automatically organising and classifying documents. Think of it as your content intelligence service or Intelligent Document Processing (IDP), transforming raw data into actionable knowledge.

Here’s why SharePoint Premium matters:

  1. Advanced AI Amplifying Human Experiences:
    • Utilising advanced AI and machine learning, SharePoint Premium amplifies human experiences, making content management more intuitive and efficient.
  2. Automated Content Processing:
    • SharePoint Premium automates content processing, streamlining workflows, and introducing new AI experiences to classify, tag, and secure documents.
  3. Transforming Information into Knowledge:
    • The core function of SharePoint Premium is to transform raw information into valuable knowledge, ensuring that your data becomes a strategic asset.

The Evolution: From Microsoft Syntex to SharePoint Premium

Originally emerging from Microsoft’s Project Cortex, SharePoint Syntex made its debut on October 1, 2020, focusing solely on Intelligent Document Processing. Over time, it evolved into Microsoft Syntex and expanded its capabilities significantly.

Here’s how SharePoint Premium builds on the foundation laid by Microsoft Syntex:

  1. Content Experiences:
    • SharePoint Premium aims to keep content fresh and discoverable, enhancing productivity and file collaboration. The integration of Microsoft Copilot is set to elevate these experiences further.
  2. Content Processing:
    • Leveraging AI, SharePoint Premium classifies, tags, and secures documents, streamlining workflows, and introducing new AI experiences. It includes document processing, content assembly services, and eSignature capabilities.
  3. Content Governance:
    • The platform offers tools for content owners and creators to manage content at scale, enhancing security and compliance with features like Data Access Governance (DAG) insights and sensitivity labeling.

Why Choose SharePoint Premium?

In a world where organisations handle vast amounts of documents and forms, extracting valuable knowledge efficiently is a challenge. SharePoint Premium comes into play by:

  • Automatically extracting key knowledge from documents.
  • Enhancing findability of documents.
  • Turning hidden documents into valuable corporate assets.

How Does SharePoint Premium Work?

SharePoint Premium automates the extraction of key information from documents using predefined models. Once created, these models can be published to document libraries, automating the extraction of document metadata. This not only saves time and money but also enhances the findability of each document, turning hidden information into valuable corporate assets.

Is SharePoint Premium Part of the Microsoft Viva Suite?

No, SharePoint Premium is not part of the Microsoft Viva Suite license.

Key Features of SharePoint Premium:

  1. Premium Content Center:
    • A dedicated space for managing Premium models, providing integration of metadata, workflows, and compliant automation.
  2. Object Recognition:
    • Automatically tags images using a visual dictionary and recognises handwritten text which enhances search capabilities.
  3. Document Understanding:
    • Teaches SharePoint Premium to read and process content, automatically suggesting or creating metadata, invoking custom Power Automate workflows, and attaching compliance labels.
  4. Form Processing:
    • Includes a powerful form processing engine based on AI Builder, allowing automatic recognition and extraction of values from semi-structured or structured documents.
  5. Advanced Taxonomy Services:
    • Publishes shared content types to SharePoint and Microsoft Teams through SharePoint hub sites, ensuring rapid deployment and upgrades across architecture sections.

SharePoint Premium Roadmap:

  • Available (Nov 2023):
    • SharePoint Premium metered services
    • SharePoint Advanced (SAM) add-on
    • SharePoint eSignature V1 (US Geo)
  • Public Preview (Nov 2023):
    • Microsoft 365 Archive
    • Microsoft 365 Backup
  • Upcoming (2024):
    • SharePoint Premium seat value
    • SharePoint eSignature 3P integration
    • Repository services

SharePoint Premium’s Licensing Terms:

Available as a user-based add-on for Microsoft 365 plans. For more information contact us or book a meeting with one of our SharePoint experts.

Microsoft SharePoint Premium Pricing:

Microsoft have not yet released the pricing for SharePoint Premium, which will be on an annual or per-user per-month basis.

Available through multiple subscription plans, users must have a valid Office 365, Microsoft 365, or SharePoint Online license to be eligible to add-on Premium.

SharePoint Premium is not just a tool; it’s a game-changer. It’s about automating processes, extracting knowledge, and turning your data into a valuable asset. We’re on the brink of a new era in content management, and SharePoint Premium is leading the way.

Read the full Microsoft announcement here.