What is Azure Information Protection? 

What is the role required for implementing AIP in Office 365 . Is security admin role is sufficient for implementing AIP, for installing unified labeling clients and scanners? Automated classification and labeling solution including protection. Please also mention if we need any add on roles like compliance reader role?

How long does it take to put on all those bracelets?

So labels are like resource tags in azure? and you can apply policy based on those labels?

Does this work with Word for example? Or only with Outlook

Great !