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Office 365 includes https://www.office.com includes the classic Microsoft Office applications plus other secure business productivity applications that are delivered over the Internet.  Office 365 also offers Users have access to cloud storage, (OneDrive), collaboration features (Teams), and digital notebooks (OneNote) among other features.

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Microsoft Teams Getting Started Guide  and interactive demo and help center

Microsoft Teams is very essential because it is a collaboration tool, a window into other apps and services. What this effectively means is that Teams is a single pane of glass for users to communicate, collaborate, and ultimately work.

Share  files or folders in Office 365 and External sharing overview

Available Business Apps

• Class Notebook
  Organize your lesson plans and course content in your own digital notebook. Create a workspace where you can give each student personalized feedback.

• Delve
  Get personal insights and relevant information based on who you work with and the content you work on.
  Learn more

• Dynamics 365
  Break down the silos between your business processes and applications with Microsoft Dynamics 365.
  Learn more

• Excel
  Do more with the tool you already know. Discover and connect to data, model and analyze it, and visualize insights.
  Learn more

• Flow
  Create workflows between your apps, files, and data to automate time-consuming tasks so you can focus on what's next.
  Learn more

• Forms
  Create surveys, quizzes, and polls in minutes. Send them to anyone and easily see results in real time.
  Learn more

• OneDrive
  Store your files in one place, share them with others, and get to them from any device connected to the Internet.
  Learn more

• OneNote
  Capture notes by typing, drawing, or writing. OneNote lets you organize and reuse your notes across all of your devices.
  Learn more

• Planner
  Create new plans, organize and assign tasks, share files, chat about what you're working on, and get progress updates with Planner.
  Learn more

• Power BI
  Create actionable, dynamic, and engaging data dashboards to share with your company or school.
  Learn more

• PowerApps
  Build mobile and web apps with the data your organization already uses.
  Learn more

• PowerPoint
  Take your presentation to the next level. Design like a professional.
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• SharePoint
  Share and manage content, knowledge, and applications to empower teamwork, quickly find information, and seamlessly collaborate across the organization.
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• Staff Notebook
  Collaborate with faculty and staff to share notes, policies, procedures, deadlines, and calendars.

• Stream
  Share videos of classes, meetings, presentations, training sessions, or other videos with people in your company or school.
  Learn more

• Teams
  The customizable chat-based team workspace in Office 365.
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• Video
  Share videos of classes, meetings, presentations, training sessions, or other videos with people in your company or school.
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• Word
  Bring out your best writing. Going from a blank page to a beautiful document is easier than ever.
  Learn more