Informatica PowerCenter is an ETL tool used to extract data from source systems like OLTP databases, transform it to meet business needs, and load it into data warehouses like OLAP systems. It provides capabilities for understanding, cleaning, and modifying source data as well as assigning keys and loading data into the target. Mappings in PowerCenter define the ETL process. PowerCenter has been released in multiple versions since 2002 and is used by companies to integrate and move data between different systems.