The ability to remote-wipe a device, is a good thing. It gives you the ability to choose to delete everything on a device yourself.
You may want to do this, if you discover it has been stolen, and you can prevent a thief from accessing our information.
Using the University's Office 365 service to remote wipe
If you configure your smartphone or tablet to use University’s Office 365 for email or for your on-line calendar, you can use your web-access to Office 365, to remotely wipe the device.This protection capability is enabled automatically if you use your device to access University Office 365 service, for example your work email.