Microsoft Plans for More Intelligent Versioning for SharePoint Online Document Libraries
SharePoint Online makes extensive use of file versioning. Coming in November 2023, we will see SharePoint Intelligent Versioning based on usage and the probability that a version will be needed for a restore. The new intelligent mechanism will replace the current method of setting a fixed version count for document libraries. Sites that need fixed version counts can continue, but SharePoint intelligent versioning should become the default when the feature reaches general availability in early 2024.