MATLAB review
Bottom line
MATLAB is a modeling, simulation, and data analysis environment with a broad set of statistical, forecasting, and machine learning tools. Its clearest strength is how many existing tools it connects to, including Excel, Simulink, Power BI, and Tableau. The main cost to watch is that there is no free plan, and the starting price is $203.63 per year. Engineers, analysts, and teams that already work in these connected tools should consider it first.
What is MATLAB?
MATLAB is a platform for mathematical modeling, simulation, and data analysis. It covers the work engineers and analysts do when they turn data and equations into models they can test, forecast, and present. The product's feature list spans statistical analysis, regression, time series analysis, survival analysis, Monte Carlo simulation, and statistical process control, along with machine learning and forecasting tools.
Day to day, users build models and run simulations, then move through data discovery, data management, and reporting. Customizable dashboards and graphical data presentation help turn results into charts and reports. Users can also store and share work with file storage, document management, and collaboration tools. The product is delivered through a web deployment, and the listed training options are live online sessions, webinars, and documentation.
MATLAB is aimed at freelancers, small businesses, mid-size businesses, and enterprises. Its starting price is $203.63 per year, and a free trial is available. There is no free plan, so buyers who want to evaluate the product first will need to use the trial.
What sets MATLAB apart in its category is its range of connections to other tools. It integrates with Microsoft Excel, Simulink, Microsoft Power BI, Tableau, and Spotfire, and it connects to databases such as MongoDB, Neo4j, and Azure Cosmos DB. It also works with engineering and simulation tools including COMSOL Multiphysics and codebeamer. The product offers an API, so teams can connect it to their own systems and workflows.
Who it's for
- Engineering teams
- Data analysts
- Researchers running simulations
Who should look elsewhere
- Buyers who need a free plan
- Users who need a mobile app
Typical uses
- Building and testing mathematical models
- Running Monte Carlo and statistical simulations
- Forecasting from time series data
- Creating dashboards and reports from engineering or business data
MATLAB user reviews
No published reviews yet. Be the first.
MATLAB alternatives and comparisons
MATLAB is the only data mining product we list so far. Browse the category as more are added.