There are various types of analytics tools that cater to different business needs:
Descriptive Analytics: Tools that provide a summary of historical data to understand what has happened in the past. Diagnostic Analytics: Tools that delve deeper into data to understand the reasons behind past performance. Predictive Analytics: Tools that use statistical models and machine learning techniques to forecast future trends and outcomes. Prescriptive Analytics: Tools that suggest actions to achieve desired outcomes, based on predictive insights.