SAP BW powered by SAP HANA is a version of SAP's BW software optimized for the HANA platform, allowing companies to operate without other databases and benefiting from faster decision-making and simplified management. While it has advantages such as excellent query performance, it also faces drawbacks like slow changes in report structure, lack of real-time data, and performance tuning requirements. The audience includes consultants and developers with basic data warehousing knowledge, and various features and course requirements are discussed to facilitate learning and implementation.