BI tools use a wide range of data analysis techniques to gather and interpret data. These methods include:
Data mining: Analyzing large databases
Descriptive analytics: Using data to identify patterns
Benchmarking: Comparing current business performance metrics with historical metrics
Querying: Asking specific questions to extract the answer from the data
Data visualization: Presenting data in easy-to-understand visualizations like charts and graphs
Statistical analysis: Using statistics to understand how and why a data trend occurred