MATLAB and Mathematica are both software businesses can use to handle complex calculations and computing. MATLAB is a predictive analytics tool that helps businesses create insights and predictions from business data. In contrast, Mathematica is a Data Discovery and Visualization tool, which helps glean useful information from existing business data. Both MATLAB and Mathematica are most popular with mid-sized businesses and large enterprises that have large amounts of data to use for predictive analytics or data discovery.
Features
MATLAB and Mathematica can both be used to generate useful insights from business data, but they also have some standout features that set them apart from each other.
MATLAB is a data oriented product that specializes in predictive analytics. Businesses can utilize MATLAB’s proprietary programming language to predict business outcomes based on data collected in other applications. Many developers will feel comfortable using MATLAB quicker than other options, as it can be edited using external editors like emacs that many users are already familiar with. MATLAB also provides many packages that extend its use at no additional charge to the user.
Mathematica can be used to perform complex mathematical functions on data quickly and easily. Syntax for Mathematica is simple enough that users will be able to write functions without much experience with the product, so training requirements are minimal compared to other tools for writing simple functions. Mathematica is an ideal software for handling calculus equations and acting as a scientific calculator.
Limitations
MATLAB and Mathematica both help users get the most out of their business data, but they also have some limitations that are important to consider.
MATLAB offers a robust programming language, but it can be difficult to learn for new users. Businesses should expect MATLAB users to need some training in order to get the most out of the tool. Additionally, while MATLAB is an ideal tool for predictive analytics, it is weaker for complex functions including problems like differential equations.
Mathematica is a strong tool for handling complex equations and functions, but it is less flexible compared to MATLAB. Packages that extend the features of Mathematica exist, but they can’t be accessed for free, unlike MATLAB. Additionally, Mathematica is not supported by external editors, so users will have to adjust to the interface provided by Mathematica.
Pricing
Individuals can purchase MATLAB at a flat rate, but businesses must reach out to the vendor for exact pricing information. Different pricing is provided depending on whether your organization is commercial or academic in nature.
Mathematica offers individual licenses starting at $144.00 per month. Pricing information for teams and businesses is provided by the vendor upon request.
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