Few points differentiating between SAP HANA Live and BW on HANA

1. SAP HANA Live Vs. BW on HANA
SAP HANA Live
SAP Net Weaver Business Warehouse
Getting real-time analytics back to where it belongs: Into the operational system!
Operational reporting : Analytics directly on the
original transactional data
Real-time: Zero latency of data
Lightweight modeling and consumption: Modeling and access based on open standards (SQL, MDX, ODATA) including SAP Business Objects clients
Extensible: Easily extend SAP’s model
Uniform: All models across SAP Business Suite are built according to the same guidelines.
Deployment model: Models come as part of the
SAP Business Suite powered by SAP HANA.
Model reuse in analytical applications: Analytical
models will be used to build new analytical applications for the Business Suite powered by SAP HANA
Performing strategic and tactical reporting in an Enterprise Data Warehouse:
Strategic and Tactical: Analytical scenarios with complex logic, sophisticated KPIs, benchmarking
Integration, Harmonization, Cross-System Consistency of enterprise systems incl. third party data
Consumption through SAP Business Objects BI clients and certified 3rdparty clients
Planning: modeled, and on aggregated levels.
Preconfigured content, extensible by customers
Persistence of historical data: long time-series, compliance, data lifecycle (incl. archiving)
Governance: Providing a mature environment for Enterprise Data Warehousing (EDW)
Full-blown analytical suite: including e.g. hierarchy processing or complex analytical calculations