MATLAB vs. Minitab Statistical Software

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MATLAB
Score 8.9 out of 10
N/A
MatLab is a predictive analytics and computing platform based on a proprietary programming language. MatLab is used across industry and academia.
$49
per student license
Minitab
Score 9.7 out of 10
N/A
Minitab Statistical Software can look at current and past data to discover trends, find and predict patterns, uncover hidden relationships between variables, and create visualizations. Key statistical tests available in Minitab include t tests, one and two proportions, normality test, chi-square, and equivalence tests. And its interactive tool with a gallery lets users view and explore multiple graph options without re-running analysis. Using the same selection of data each time, Graph Builder…N/A
Pricing
MATLABMinitab Statistical Software
Editions & Modules
Student
$49
per student license
Home
$149
perpetual license
Education
$250
per year
Education
$500
perpetual license
Standard
$860
per year
Standard
2,150
perpetual license
No answers on this topic
Offerings
Pricing Offerings
MATLABMinitab
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MATLABMinitab Statistical Software
Best Alternatives
MATLABMinitab Statistical Software
Small Businesses
IBM SPSS Statistics
IBM SPSS Statistics
Score 7.8 out of 10
IBM SPSS Statistics
IBM SPSS Statistics
Score 7.8 out of 10
Medium-sized Companies
Alteryx Platform
Alteryx Platform
Score 8.9 out of 10
Alteryx Platform
Alteryx Platform
Score 8.9 out of 10
Enterprises
Dataiku
Dataiku
Score 7.6 out of 10
Dataiku
Dataiku
Score 7.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MATLABMinitab Statistical Software
Likelihood to Recommend
8.1
(0 ratings)
10.0
(0 ratings)
Usability
9.9
(0 ratings)
9.0
(0 ratings)
Support Rating
9.5
(0 ratings)
-
(0 ratings)
User Testimonials
MATLABMinitab Statistical Software
Likelihood to Recommend
Engineering, mathematical modeling, and machine learning are all fields where MATLAB will shine. It's fast, reliable, and relatively easy to use. MATLAB is the de facto standard when it comes to producing high-quality plots. If you need to deal with large data sets, and not take forever processing them, MATLAB may very well be the tool for you!
Read full review
Minitab Statistical Software is used from development batches to commercial batches to identify that process is in state of control through various charts and graphs. we can optimised our process by continuous monitoring of product trends. its is less suited where large number of data need to handle and evaluate..
Read full review
Pros
  • Has robust and easy-to-use debugging tools that can help one identify problems in one's codes.
  • Rich, well-developed and efficient library of mathematical and statistical functions that one might need to develop models or perform statistical analysis.
  • A very active online user community that is a great resource in terms of seeking help when you hit a snag.
  • Great help literature (and sometimes videos too) on all tools making it possible for all to train themselves.
Read full review
  • Life cycle product verification and control
  • Cpk value calculation and control
  • Historical data evaluation and decision making based on that data.
Read full review
Cons
  • MATLAB should have a full free version (without time limit) in order to be more accessible and thus have a greater user community.
  • The idea of having toolboxes to work directly with hardware (microcontrollers, single-board computers) is great, but one can tell it isn't updated very frequently and there isn't as much documentation available as with more common resources.
  • Our organization had a lot of trouble getting our network licenses to work properly and there wasn't any local service provider that could help us get it to work faster.
Read full review
  • This to be make financially affordable
  • Direct feeding of data provision need to provided
  • It must be update to handle large data.
Read full review
Usability
The best thing about MATLAB is the variety of research and development fields it supports. The reason for this rating is that it is best used for medical images enhancement and signal processing, it is also used for speech to text conversion. This tool server is best when the demand is for machine learning.
Read full review
I would give 10 out of 10 rating due to its functionality and easy to use interface. Its included wide range of tools like graph, chart, time study graph. There is predefined inbuilt templet available for easy to use and understand process well. there is availability of vast training materials enhances our experience.
Read full review
Support Rating
The built-in search engine is not as performing as I wish it would be. However, the YouTube channel has a vast library of informative video that can help understanding the software. Also, many other software have a nice bridge into MATLAB, which makes it very versatile. Overall, the support for MATLAB is good.
Read full review
No answers on this topic
Alternatives Considered
The commands and coding language of MATLAB reads a lot more in plain English as opposed to all the periods and other special characters that are needed when typing in Python or Java. Additionally MATLAB has several different function packages that can solve all different categories of problems so you don't have to make a bunch of different code scrips from scratch.
Read full review
No answers on this topic
Return on Investment
  • MATLAB has made me a better coder. I can see the code behind inbuilt functions which helps me improve my own coding.
  • The various features offered in the software helped me to understand new topics in a relatively short span of time.
  • MATLAB has a rich forum and library which allows exchange of ideas and info with other users. This has certainly broadened my horizon.
Read full review
  • We could control our process and its continuous monitoring that reduce process failure chances.
  • It helpful in database decision making process like rejection or acceptance of batch.
  • Process is improved and productivity increased.
Read full review
ScreenShots