IBM Watson Studio vs MathWorks Matlab comparison

IBM and MathWorks are both solutions in the Data Science Platforms category. IBM is ranked #12 with an average rating of 8.2, while MathWorks is ranked #16 with an average rating of 9.0. IBM holds a 2.1% mindshare in Data Science Platforms, compared to MathWorks’s 0.5% mindshare. Additionally, 100% of IBM users are willing to recommend the solution, compared to 100% of MathWorks users who would recommend it.

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Executive SummaryUpdated on Dec 5, 2024

IBM Watson Studio and MathWorks Matlab are products in the data science and analytical field. IBM Watson Studio is preferred for cost-effectiveness and support, while MathWorks Matlab often leads in features and perceived value.

Features: IBM Watson Studio offers cloud-based data science workflows, automation tools, and collaboration features. MathWorks Matlab provides advanced mathematical functions, specialized toolboxes, and comprehensive technical computing resources.

Ease of Deployment and Customer Service: IBM Watson Studio allows straightforward cloud deployment and strong integration with IBM services, paired with excellent customer support. MathWorks Matlab, while traditionally on-premise, offers cloud options and maintains detailed technical support.

Pricing and ROI: IBM Watson Studio has flexible pricing tiers for entry cost reduction, enhancing ROI through scalability. MathWorks Matlab has higher initial costs, offset by high returns due to its comprehensive analytics suite.

To learn more, read our detailed IBM Watson Studio vs. MathWorks Matlab Report (Updated: December 2024).

Buyer's Guide

IBM Watson Studio vs. MathWorks Matlab

December 2024

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Categories and Ranking

IBM SPSS Statistics

Mindshare comparison

As of December 2024, in the Data Science Platforms category, the mindshare of IBM SPSS Statistics is 2.7%, up from 2.7% 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

Md Masudul Hassan

Agricultural Finance and IT Researcher at Sher-e-Bangla Agricultural University

Comprehensive data analysis capabilities with a user-friendly interface, providing an efficient and reliable platform for researchers and analysts

I believe that offering short-term SPSS licenses, perhaps when customer sourcing is available, could make it more affordable. These licenses shouldn't include features tailored for universities or large sales organizations. Instead, they could offer discounts or additional facilities for smaller entities to access the software. In developing countries, it would be beneficial to provide certain features to users at no cost initially, while also customizing pricing options. For example, offering basic features to the first hundred users can help them become familiar with the software and its capabilities. This approach encourages users to upgrade to higher tiers as they become more experienced and require additional functionality.

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Abilio Duarte

Senior Solutions Architect at Self-employed

A highly robust and well-documented platform that simplifies the complex world of AI

The main challenge lies in visibility and ease of use. Providing training sessions can be immensely helpful in helping users navigate and understand the tool's potential. This approach would empower users to explore and make the most of the tools and technologies at their disposal. Another area where IBM could enhance its offering is by providing more visibility to end users regarding the vast potential that Watson offers.

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Neha Wanjari

Technical Lead at KPIT Technologies

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.

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Quotes from Members

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

Pros

"It offers very good visualization."

"The most valuable features are the solution is easy to use, training new users is not difficult, and our usage is comprehensive because the whole service is beneficial."

"You can quickly build models because it does the work for you."

"The most valuable feature of IBM SPSS Statistics is all the functionality it provides. Additionally, it is simple to do the five-way analysis that you can into multidimensional setup space. It's the multidimensional space facility that is most useful."

"in terms of the simplicity, I think the SPSS basic can handle it."

"The solution is very comprehensive, especially compared to Minitabs, which is considered more for manufacturing. However, whatever data you want to analyze can be handled with SPSS."

"The software offers consistency across multiple research projects helping us with predictive analytics capabilities."

"Some of the most valuable features that we are using with some business models are machine learning algorithms, statistical models given to us by the business, and getting data from the database or text files."

More IBM SPSS Statistics pros

"For me, the valuable feature of the solution is the one that I used, which was Jupyter notebooks."

"The system's ability to take a look at data, segment it and then use that data very differently."

"It is a stable, reliable product."

"The solution is very easy to use."

"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."

"It stands out for its substantial AI capabilities, offering a broad spectrum of features for crafting solutions that meet specific requirements."

"Stability-wise, it is a great tool."

"Watson Studio is very stable."

More IBM Watson Studio pros

"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."

"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."

Cons

"The reports could be better."

"SPSS slows down the computer or the laptop if the data is huge; then you need a faster computer."

"This solution is not suitable for use with Big Data."

"Most of the package will give you the fixed value, or the p-value, without an explanation as to whether it it significant or not. Some beginners might need not just the results, but also some explanation for them."

"I'd like to see them use more artificial intelligence. It should be smart enough to do predictions and everything based on what you input."

"I know that SPSS is a statistical tool but it should also include a little bit of analytical behavior. You can call it augmented analysis or predictive analysis. The bottom line is it should have more graphical and analytical capabilities."

"If there is any self-generation data collection plan (DCP), it would be helpful in gathering data. It would also be useful if there is a function to scale it up to, let's say, UiPath and have it consolidate and integrate into a UiPath solution."

"IBM SPSS Statistics could improve the visual outputs where you are producing, for example, a graph for a company board of directors, or an advert."

More IBM SPSS Statistics cons

"I think maybe the support is an area where it lacks."

"The solution's interface is very slow at times."

"I want IBM's technical support team to provide more specific answers to queries."

"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."

"The decision making in their decision making feature is less good than other options."

"The initial setup was complex."

"So a better user interface could be very helpful"

"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."

More IBM Watson Studio cons

"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."

"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."

Pricing and Cost Advice

"While the pricing of the product may be higher, the accompanying service and features justify the investment."

"It's quite expensive, but they do a special deal for universities."

"If it requires lot of data processing, maybe switching to IBM SPSS Clementine would be better for the buyer."

"More affordable training for new staff members."

"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."

"I rate the tool's pricing a five out of ten."

"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."

More IBM SPSS Statistics pricing and cost advice

"Watson Studio's pricing is reasonable for what you get."

"IBM Watson Studio is a reasonably priced product"

"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

17%

Computer Software Company

University

Manufacturing Company

Financial Services Firm

15%

Computer Software Company

12%

Manufacturing Company

University

12%

Manufacturing Company

11%

Educational Organization

11%

Computer Software Company

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.

See all answers

What is your experience regarding pricing and costs for IBM SPSS Statistics?

The cost of IBM SPSS Statistics is managed by organizations, not individual researchers. It is a very expensive produ...

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What needs improvement with IBM SPSS Statistics?

IBM SPSS Statistics does not keep you close to your data like KNIME. In KNIME, at every stage, you can see the result...

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What do you like most about IBM Watson Studio?

Stability-wise, it is a great tool.

See all answers

What is your experience regarding pricing and costs for IBM Watson Studio?

IBM Watson Studio is an expensive solution.

See all answers

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...

See all answers

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...

See all answers

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...

See all answers

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...

See all answers

Comparisons

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Compared 16% of the time

Alteryx vs IBM SPSS Statistics

Compared 13% of the time

TIBCO Statistica vs IBM SPSS Statistics

Compared 13% of the time

Microsoft Azure Machine Learning Studio vs IBM SPSS Statistics

Compared 11% of the time

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Databricks vs IBM Watson Studio

Compared 25% of the time

Google Vertex AI vs IBM Watson Studio

Compared 15% of the time

Azure OpenAI vs IBM Watson Studio

Compared 15% of the time

Microsoft Azure Machine Learning Studio vs IBM Watson Studio

Compared 14% of the time

SAS Visual Analytics vs IBM Watson Studio

Compared 2% of the time

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Dataiku vs MathWorks Matlab

Compared 100% of the time

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Product Reports

Buyer's Guide

IBM SPSS Statistics

December 2024

Download IBM SPSS Statistics product report

Buyer's Guide

IBM Watson Studio

December 2024

Download IBM Watson Studio product report

Buyer's Guide

Data Science Platforms

December 2024

Download MathWorks Matlab product report

Also Known As

SPSS Statistics

Watson Studio, IBM Data Science Experience, Data Science Experience, DSx

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Overview

IBM SPSS Statistics is a powerful data mining solution that is designed to aid business leaders in making important business decisions. It is designed so that it can be effectively utilized by organizations across a wide range of fields. SPSS Statistics allows users to leverage machine learning algorithms so that they can mine and analyze data in the most effective way possible.

IBM SPSS Statistics Benefits

Some of the ways that organizations can benefit by choosing to deploy IBM SPSS Statistics include:

Ease of use. SPSS Statistics enables users to simply and intuitively take control of their statistical needs. The solution is designed so that analysts who do not know how to code can easily make full use of the various tools and capabilities that SPSS Statistics has to offer. Its command language is so straightforward that it does not require users to undergo special training before they use it.

Comprehensive and flexible build. SPSS Statistics is designed to be both a comprehensive and highly flexible analytics solution. It enables users to utilize a variety of integrations that make it easy for users to add features that they might feel they are missing.

Automation. SPSS Statistics makes it simple for users to automate basic tasks that they might otherwise devote too much time worrying about. Tasks like calculation or data gathering can be delegated to the system while more conceptual tasks like data analysis are given to an organization’s analysts to handle.

IBM SPSS Statistics Features

Intuitive user interface. SPSS Statistics enables users to deploy an intuitive interface that makes the process of system management simple. Among the other components of this interface is a drag-and-drop feature that makes analysis and management possible for anyone who wants to use it.

Advanced data visualizations. Analysts that employ SPSS Statistics gain access to tools that empower them to create and export data visualizations. These visualizations can be formatted in many different ways depending on what the user needs.

Local data storage. SPSS Statistics has the ability to securely store data on a user’s computer. This enables them to add layers of security that would not necessarily be present if the data was stored in the cloud.

Reviews from Real Users

IBM SPSS Statistics is a highly effective solution that stands out when compared to many of its competitors. Two major advantages it offers are the wealth of functionalities that it provides and its high level of accessibility.

An Emeritus Professor of Health Services Research at a university writes, "The most valuable feature of IBM SPSS Statistics is all the functionality it provides. Additionally, it is simple to do the five-way analysis that you can in a multidimensional setup space. It's the multidimensional space facility that is most useful."

A Director of Systems Management & MIS Operations at a university, says, “The SPSS interface is very accessible and user-friendly. It's really easy to get information from it. I've shared it with experts and beginners, and everyone can navigate it.”

IBM Watson Studio provides tools for data scientists, application developers and subject matter experts to collaboratively and easily work with data to build and train models at scale. It gives you the flexibility to build models where your data resides and deploy anywhere in a hybrid environment so you can operationalize data science faster.

Information not available

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

Information Not Available

Buyer's Guide

IBM Watson Studio vs. MathWorks Matlab

December 2024

Free Report: IBM Watson Studio vs. MathWorks Matlab

Find out what your peers are saying about IBM Watson Studio vs. MathWorks Matlab and other solutions. Updated: December 2024.

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