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IBM Watson Studio vs MathWorks Matlab comparison

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Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IBM SPSS Statistics
Sponsored
Ranking in Data Science Platforms
10th
Average Rating
8.0
Number of Reviews
37
Ranking in other categories
Data Mining (3rd)
IBM Watson Studio
Ranking in Data Science Platforms
12th
Average Rating
8.2
Number of Reviews
13
Ranking in other categories
AI Development Platforms (9th)
MathWorks Matlab
Ranking in Data Science Platforms
16th
Average Rating
8.6
Number of Reviews
3
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Data Science Platforms category, the mindshare of IBM SPSS Statistics is 2.8%, up from 2.6% compared to the previous year. The mindshare of IBM Watson Studio is 2.1%, down from 2.3% compared to the previous year. The mindshare of MathWorks Matlab is 0.5%, down from 0.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Data Science Platforms
 

Featured Reviews

AbakarAhmat - PeerSpot reviewer
Sep 21, 2023
Enhancing survey analysis that provides valued insightfulness
I use it to analyze questionnaire surveys related to a product, solution, or application, such as open data services, which I provide to consumers and end-users. These surveys contain evaluation assessments, and I use SPSS to analyze the responses The most valuable feature is its robust…
Abilio Duarte - PeerSpot reviewer
Oct 5, 2023
A highly robust and well-documented platform that simplifies the complex world of AI
It is used to enhance user experience in an e-commerce setting. By leveraging data on user clicks, browsing behavior, and past interactions with the platform, we can create models that enable personalized product recommendations. These models can identify products that align with the customer's…
Neha Wanjari - PeerSpot reviewer
Apr 2, 2024
Has Simulink feature which helps with visual representations
The tool's most valuable feature is the Simulink environment. This feature provides an incredible capability to visually represent the system behavior before creating the code. It allows you to see the flow and interactions of the system, which is extremely beneficial for software development. With this visual representation, you can better understand the system's behavior, make necessary adjustments, and ensure maintenance and updates. This capability is why I love working with the product. The solution's UI has greatly supported my development process. I would rate it an eight point five out of ten for its user interface. It's easy to explain how a system works, especially if I've created a model in the Simulink environment. Integrating it with other languages or tools has always benefited my projects. Even though I've only used two languages, it has been advantageous overall.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Since we are using the software as a statistical tool, I would say the best aspects of it are the regression and segmentation capabilities. That said, I've used it for all sorts of things."
"IBM SPSS Statistics depends on AI."
"You can find a complete algorithm in the solution and use it. You don't need to write your own algorithms for predictive analytics. That's the most valuable feature and the main one we use."
"One feature I found very valuable was the analysis of variance (ANOVA)."
"You can quickly build models because it does the work for you."
"In terms of the features I've found most valuable, I'd say the duration, the correlation, and of course the nonparametric statistics. I use it for reliability and survival analysis, time series, regression models in different solutions, and different types of solutions."
"The learning curve to using this product is not steep. The program is appropriate for those who do not have a lot of background in programming, yet have to perform basic statistical analysis."
"Capability analysis is one of the main and valuable functions. We also do some hypothesis testing in Minitab and summary stats. These are the functions that we find very useful."
"The most important thing is that it's a multi-faceted solution. It's a kind of specialist, not a generalist. It can produce very specific information for the customer. It's totally different from Google or any search engine that produces generic information. It's specialty is that it's all on video."
"Stability-wise, it is a great tool."
"It stands out for its substantial AI capabilities, offering a broad spectrum of features for crafting solutions that meet specific requirements."
"For me, the valuable feature of the solution is the one that I used, which was Jupyter notebooks."
"The main benefit is the ease of use. We see a lot of engineers in our site and customers that really like the way the tools are able to work with the people."
"Technical support is great. We have had weekly teleconferences with the technical people at IBM, and they have been fantastic."
"It has greatly improved the performance because it is standardized across the company."
"Watson Studio is very stable."
"Personally for me, because I do a lot of development, I like that it is easy to test mathematical algorithms with several matrix calculations. It's perfect for that."
"The platform's most valuable feature is its field-specific packages, which make it very easy to use."
"The tool's most valuable feature is the Simulink environment. This feature provides an incredible capability to visually represent the system behavior before creating the code. It allows you to see the flow and interactions of the system, which is extremely beneficial for software development. With this visual representation, you can better understand the system's behavior, make necessary adjustments, and ensure maintenance and updates. This capability is why I love working with the product."
 

Cons

"Each algorithm could be more adaptable to some industry-specific areas, or, in some cases, adapted for maintenance."
"Technical support needs some improvement, as they do not respond as quickly as we would like."
"It could allow adding color to data models to make them easier to interpret."
"Needs more statistical modelling functions."
"SPSS slows down the computer or the laptop if the data is huge; then you need a faster computer."
"One of the areas that should be similar to Minitabs is the use of blogs. The Minitabs blog helps users understand the tools and gives lots of practical examples. Following the SPSS manual is cumbersome. It's a good, exhaustive manual, but it's not practical to use. With Minitabs, you can go to the blogs and find specific articles written about various components and it's very helpful. Without blogs, we find SPSS more complicated."
"It could provide even more in the way of automation as there are many opportunities."
"The technical support should be improved."
"I want IBM's technical support team to provide more specific answers to queries."
"I think maybe the support is an area where it lacks."
"The solution's interface is very slow at times."
"We would like to see it more web-based with more functionality."
"It's sometimes easy to get lost given the number of images the solution opens up when you click on the mouse and the amount of different tabs."
"The initial setup was complex."
"We would like to see it less as one big, massive product, but more based on smaller services that we can then roll out to consumers."
"Watson Studio would be improved with a clearer path for the deployment of docker images."
"To make use of the GPU, you have to have an Nvidia card. What I would want it to do is to run in Next Generation with Intel or AMD, and not just with Nvidia."
"In the area of improvement, sometimes there are issues with the speed of MathWorks Matlab, particularly in the Simulink environment. The tool's latest versions can be slow to open, taking significant time to load. Additionally, saving data and integrating models can also be time-consuming processes."
"One area where the product could improve is in the ease of learning."
 

Pricing and Cost Advice

"I rate the tool's pricing a five out of ten."
"While the pricing of the product may be higher, the accompanying service and features justify the investment."
"More affordable training for new staff members."
"If it requires lot of data processing, maybe switching to IBM SPSS Clementine would be better for the buyer."
"SPSS is an expensive piece of software because it's incredibly complex and has been refined over decades, but I would say it's fairly priced."
"Our licence is on a yearly renewal basis. While pricing is not the primary concern in our evaluation, as products are assessed by whether they can meet our user needs and expertise, the cost can be a limiting factor in the number of licences we procure."
"The price of IBM SPSS Statistics could improve."
"The pricing of the modeler is high and can reduce the utility of the product for those who can not afford to adopt it."
"IBM Watson Studio is a reasonably priced product"
"Watson Studio's pricing is reasonable for what you get."
"The pricing is generally reasonable and straightforward but can vary significantly depending on the specific workloads in use."
"IBM Watson Studio is an expensive solution."
"The pricing for the software itself is reasonable, and I didn't encounter any additional costs beyond the initial purchase or license."
"We have a single user license. Support and add-ons are an extra fee."
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Top Industries

By visitors reading reviews
Financial Services Firm
16%
University
10%
Computer Software Company
9%
Manufacturing Company
8%
Financial Services Firm
15%
Computer Software Company
13%
Manufacturing Company
9%
University
8%
Educational Organization
13%
University
10%
Manufacturing Company
10%
Computer Software Company
9%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about IBM SPSS Statistics?
The software offers consistency across multiple research projects helping us with predictive analytics capabilities.
What is your experience regarding pricing and costs for IBM SPSS Statistics?
While the pricing of the product may be higher, the accompanying service and features justify the investment. However...
What needs improvement with IBM SPSS Statistics?
In some cases, the product takes time to load a large dataset. They could improve this particular area.
What needs improvement with IBM Watson Studio?
From an improvement perspective, I would say that if the deployment environment and IBM Watson Studio's environment a...
What do you like most about MathWorks Matlab?
The tool's most valuable feature is the Simulink environment. This feature provides an incredible capability to visua...
What is your experience regarding pricing and costs for MathWorks Matlab?
The pricing for the software itself is reasonable, and I didn't encounter any additional costs beyond the initial pur...
What needs improvement with MathWorks Matlab?
One area where the product could improve is in the ease of learning. The syntax can be challenging for first-time pro...
 

Also Known As

SPSS Statistics
Watson Studio, IBM Data Science Experience, Data Science Experience, DSx
No data available
 

Learn More

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Overview

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Sample Customers

LDB Group, RightShip, Tennessee Highway Patrol, Capgemini Consulting, TEAC Corporation, Ironside, nViso SA, Razorsight, Si.mobil, University Hospitals of Leicester, CROOZ Inc., GFS Fundraising Solutions, Nedbank Ltd., IDS-TILDA
GroupM, Accenture, Fifth Third Bank
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Find out what your peers are saying about IBM Watson Studio vs. MathWorks Matlab and other solutions. Updated: October 2024.
814,763 professionals have used our research since 2012.