1. SAP Help Portal - Data Connections in SAP Analytics Cloud: "SAP Analytics Cloud offers two methods for connecting to data sources: Live Data Connections and Import Data Connections." This document explicitly defines the two primary connection types.
URL: https://help.sap.com/docs/SAPANALYTICSCLOUD/00f68c2e08b941f081002fd3691d86a7/bda96b394b424318884a369042348942.html
2. SAP Help Portal - Live Data Connections: This page details the Live connection methodology
stating
"With live data connections
your data stays in your source system."
URL: https://help.sap.com/docs/SAPANALYTICSCLOUD/00f68c2e08b941f081002fd3691d86a7/200a374c411a491fb850b5329233f213.html
3. SAP Help Portal - Import Data Connections: This page describes the Import connection
explaining
"When you import data into SAP Analytics Cloud
the data is copied and stored in SAP Analytics Cloud."
URL: https://help.sap.com/docs/SAPANALYTICSCLOUD/00f68c2e08b941f081002fd3691d86a7/c388f5d7c4b34929959ab36ad75112a6.html