Microsoft will begin rollout in mid-December and expected to complete it by early January.
How this will affect your organization
EDM-based classification enables creation of custom sensitive information types that refer to exact values in a database of sensitive information.
With this update, you will be able to create, edit, and delete EDM schemas and rule packages from Microsoft 365 compliance center > Data Classification. Data hashing and uploading will still require using PowerShell or the command console.