SAP HANA Live allows for operational reporting directly on transactional data with zero latency, using lightweight modeling and open standards like SQL. It is part of SAP Business Suite powered by SAP HANA. In contrast, BW on HANA performs strategic and tactical reporting in an enterprise data warehouse, integrating and harmonizing data from multiple systems for consumption through BI clients. It provides preconfigured content with governance capabilities and a full analytical suite for long-term historical data storage and complex analytics.