By using the quantum Fisher information (QFI), we address the process of single-parameter estimation in the presence of bosonic as well as fermionic environments and protection of information against the noise. In particular, the quantum interferometric power (IP) of the evolved state of the system is uncovered as an important lower bound for the QFIs of initially encoded parameters. Moreover, we unveil new witnesses of non-Markovianity, that can be used to detect efficiently the memory effects and backflow of information from the environment to the system. On the other hand, we also investigate the multiparameter estimation of initial parameters encoded into the quantum state of a two qubit system and obtain analytical formula of the corresponding QFI matrix. In particular, the corresponding quantum Cramer-Rao bounds in both single and multiparameter estimations are analysed. In addition, we illustrate that the quantum coherence and purity of the evolved state of the probes are two key elements in realizing optimum multiparameter estimation.