OLAP tools enable interactive analysis of multidimensional data from multiple perspectives. There are three main types of OLAP tools: ROLAP, MOLAP, and HOLAP. ROLAP uses relational databases and SQL queries, while MOLAP pre-computes and stores aggregated data in multidimensional arrays for fast querying. HOLAP is a hybrid that stores some data in ROLAP and some in MOLAP to optimize both query performance and cube processing time.