InMoment Text Analytics vs. MATLAB

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
InMoment Text Analytics
Score 9.0 out of 10
N/A
InMoment’s text analytics, powered by our Lexalytics, is a software-as-a-service specializing in cloud-based text analytics and sentiment analysis. The tool unlocks insights and sentiment analysis from large amounts of unstructured text.
$999
per month
MATLAB
Score 8.4 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
Pricing
InMoment Text AnalyticsMATLAB
Editions & Modules
System Cost
$10,000.00
Student
$49
per student license
Student
$49
per student suite license
Home
$149
perpetual license
Education
$250
per year
Education
$500
perpetual license
Standard
$860
per year
Standard
2,150
perpetual license
Offerings
Pricing Offerings
InMoment Text AnalyticsMATLAB
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
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InMoment Text AnalyticsMATLAB
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User Ratings
InMoment Text AnalyticsMATLAB
Likelihood to Recommend
9.0
(4 ratings)
8.1
(53 ratings)
Usability
-
(0 ratings)
9.9
(4 ratings)
Support Rating
-
(0 ratings)
9.5
(7 ratings)
User Testimonials
InMoment Text AnalyticsMATLAB
Likelihood to Recommend
InMoment
Its compatibility with Microsoft Excel makes it a great platform. It is a powerful tuning, workbench, and reporting application that resides within Microsoft Excel. This ability helps data analysts instantly gain actionable and valuable insights.
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MathWorks
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.
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Pros
InMoment
  • assign sentiment score
  • word cloud
  • Categorization
  • multilingual
  • has good visualization
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MathWorks
  • 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.
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Cons
InMoment
  • Sentence parsing can be even better
  • Sometimes cant predicts the sentiments
  • Reporting can be even better with best histograms and diagrams
  • Dash is somewhat difficult to understand
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MathWorks
  • 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.
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Usability
InMoment
No answers on this topic
MathWorks
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.
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Support Rating
InMoment
No answers on this topic
MathWorks
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.
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Alternatives Considered
InMoment
It offers extensive text analysis capabilities and you can easily create a visual representation.
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MathWorks
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.
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Return on Investment
InMoment
  • Diffbot content extraction
  • The application integrates text analysis efficiently. I can identify changes and detect trends by evaluating posts, comments, tweets and other documentation on social media platforms and in the digital realm in general.
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MathWorks
  • 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.
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ScreenShots