Likelihood to Recommend KNIME Analytics Platform is excellent for people who are finding Excel frustrating, this can be due to errors creeping in due to manual changes or simply that there are too many calculations which causes the system to slow down and crash. This is especially true for regular reporting where a KNIME Analytics Platform workflow can pull in the most recent data, process it and provide the necessary output in one click. I find KNIME Analytics Platform especially useful when talking with audiences who are intimidated by code. KNIME Analytics Platform allows us to discuss exactly how data is processed and an analysis takes place at an abstracted level where non-technical users are happy to think and communicate which is often essential when they are subject matter experts whom you need for guidance. For experienced programmers KNIME Analytics Platform is a double-edged sword. Often programmers wish to write their own code because they are more efficient working that way and are constrained by having to think and implement work in nodes. However, those constraints forcing development in a "KNIME way" are useful when working in teams and for maintenance compared to some programmers' idiosyncratic styles.
Rob Blanford Artificial Intelligence & Machine Learning Manager
Read full review MATLAB really does best for solving computational problems in math and engineering. Especially when you have to use a lot of functions in your solving process, or if you have a nonlinear equation that must be iteratively solved. [MATLAB] can also perform things like integration and derivation on your equations that you put into it.
Read full review Pros Summarize instrument level financial data with relevant statistics Map transactions from core extracts to groups of like transactions using rule engines Machine learning using random forests and other techniques to analyze data and identify correlations for use in predictive models Fill out sampling data from averages. Read full review It has a very user friendly library which helps users learn this software fairly quickly in a short span of time. The graphical user interface provided by the software is really good. The code that a person writes allows options for debugging. One can visualize the flow of control of their code inside MATLAB. Read full review Cons It does not have proper visualization. Some other BI tools (QlikView) have much easier functions for data interaction. Some other BI tools (Tableau) can be set up much faster. It is not an easy tool to use for non-tech savvy staff. Read full review MatLab is pricier than most of its competitors and because of this reason, many organizations are moving towards cheaper alternatives - mostly Python. MatLab is inefficient when it comes to performing a large number of iterations. It gets laggy and often crashes. Python is better in this regard. There is a limited number of hardware options (mostly NI) that can be connected directly to the data acquisition toolbox. Read full review Likelihood to Renew We are happy with Knime product and their support. Knime AP is versatile product and even can execute Python scripts if needed. It also supports R execution as well; however, it is not being used at our end
Read full review Usability KNIME Analytics Platform offers a great tradeoff between intuitiveness and simplicity of the user interface and almost limitless flexibility. There are tools that are even easier to adopt by someone new to analytics, but none that would provide the scalability of KNIME when the user skills and application complexity grows
Read full review MATLAB is pretty easy to use. You can extend its capabilities using the programming interface. Very flexible capabilities when it comes to graphical presentation of your data (so many different kinds of options for your plotting needs). Anytime you are working with large data sets, or with matrices, MATLAB is likely to be very helpful.
Read full review Support Rating KNIME's HQ is in Europe, which makes it hard for US companies to get customer service in time and on time. Their customer service also takes on average 1 to 2 weeks to follow up with your request. KNIME's documentation is also helpful but it does not provide you all the answers you need some of the time.
Ivan Cui Data Scientist - Biotech Data Science Digtialization (BDSD)
Read full review 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 Implementation Rating KNIME Analytics Platform is easy to install on any Windows, Mac or Linux machine. The KNIME Server product that is currently being replaced by the KNIME Business Hub comes as multiple layers of software and it took us some time to set up the system right for stability. This was made harder by KNIME staff's deeper expertise in setting up the Server in Linux rather than Windows environment. The KNIME Business Hub promises to have a simpler architecture, although currently there is no visibility of a Windows version of the product.
Read full review Alternatives Considered Having used both the
Alteryx and [KNIME Analytics] I can definitely feel the ease of using the software of
Alteryx . The [KNIME Analytics] on the other hand isn't that great but is 90% of what
Alteryx can do along with how much ease it can do. Having said that, the 90% functionality and UI at no cost would be enough for me to quit using
Alteryx and move towards [KNIME Analytics].
Read full review How MATLAB compares to its competition or similar open access tools like R (programming language) or SciLab is that it's simply more powerful and capable. It embraces a wider spectrum of possibilities for far more fields than any other environment. R, for example, is intended primarily for the area of statistical computing. SciLab, on the other hand, is a similar open access tool that falls very short in its computing capabilities. It's much slower when running larger scripts and isn't documented or supported nearly as well as MATLAB.
Read full review Return on Investment It is suited for data mining or machine learning work but If we're looking for advanced stat methods such as mixed effects linear/logistics models, that needs to be run through an R node. Thinking of our peers with an advanced visualization techniques requirement, it is a lagging product. Read full review MATLAB helps us quickly sort through large sets of data because we keep the same script each time we run an analyzation, making it very efficient to run this whole process. The software makes it super easy for us to create plots that we can then show to investors or clients to display our data. We are also looking to create an app for our product, and we will not be able to do that on MATLAB, therefore creating a limiting issue and a new learning curve for a programming language. Read full review ScreenShots KNIME Analytics Platform Screenshots