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Alteryx vs MathWorks Matlab comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 5, 2024

Review summaries and opinions

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

Categories and Ranking

Alteryx
Ranking in Data Science Platforms
5th
Average Rating
8.4
Reviews Sentiment
7.0
Number of Reviews
83
Ranking in other categories
Predictive Analytics (1st), Data Preparation Tools (1st)
MathWorks Matlab
Ranking in Data Science Platforms
15th
Average Rating
8.8
Reviews Sentiment
5.5
Number of Reviews
5
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of October 2025, in the Data Science Platforms category, the mindshare of Alteryx is 5.7%, down from 7.2% compared to the previous year. The mindshare of MathWorks Matlab is 1.1%, up from 0.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Data Science Platforms Market Share Distribution
ProductMarket Share (%)
Alteryx5.7%
MathWorks Matlab1.1%
Other93.2%
Data Science Platforms
 

Featured Reviews

Theresa McLaughlin - PeerSpot reviewer
Quick development enables seamless data processing despite occasional support issues
There were times when the product would fail during development without an apparent reason. The support structure changed; initially, we received great support, however, it later became less reliable due to licensing issues and a tiered support system. Licensing negotiations were problematic, affecting our product usage. For instance, our licenses were temporarily lost during negotiations when an agreement couldn't be reached.
Ioannis Kalathas - PeerSpot reviewer
Creating digital twins significantly reduces time for marine engine diagnostics
MathWorks Matlab has numerous libraries, making it challenging to have a holistic understanding of all of them. I can only speak about the libraries I have used. Additional GUIs and add-ons for MathWorks Matlab would help, especially for users who are not familiar with the software. The cost is a significant concern. While university pricing is reasonable, a cheaper version with fewer libraries would be beneficial. In Greece, we struggle to purchase licenses, and we also use Ansys. There are technical differences in simulation, but the price of MathWorks Matlab is too high for a Greek mechanic to use it. A license with fewer features would be more appropriate.

Quotes from Members

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

Pros

"Alteryx's connectivity is essential. We like the ability to connect the solution to multiple sources. It's easier than other data modeling and extraction solutions. It's built on a self-service concept, so it's easy for anyone to open the tool and directly import or export data from it."
"It offered quick development, with the ability to process large datasets."
"All of the data science features in terms of unioning and joining data together are valuable."
"Its initial setup is easy."
"I found Alteryx's ability to modify data on the fly, using in-memory processing, very useful."
"Automation is the most valuable aspect for us. The ability to wrap business logic around the data is very helpful."
"The value add of Alteryx is the agility for making changes, and speed of deployment."
"It saves time on a lot projects. ​"
"What I appreciate about MathWorks Matlab is that it is the most versatile program system I know; there are so many toolboxes which I don't need, as I mostly work with statistics, but it's amazing how many functions there are."
"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."
"The platform's most valuable feature is its field-specific packages, which make it very easy to use."
 

Cons

"The screen when you are looking into your workflows and your ETL processes needs to be improved. You cannot manage it very well."
"The next feature release should include easier reporting."
"The solution is improving continuously. They have, for example, just added automatic insights. If they continue to improve on their overall service offering, that would be ideal."
"The GUI interface functions but it could stand to be updated to a more modern look and feel."
"More statistics tools: We can use to compare SPSS statistics with some automated advisory."
"The technical support could have a little bit of improvement."
"The event handling, such that the file system watcher, is in need of improvement."
"There are no ready models to use in analytics."
"It is not out-of-the-box of course, and you have to program everything yourself."
"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."
"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."
 

Pricing and Cost Advice

"Alteryx is generally more suited for medium—to large companies due to its potentially high licensing costs."
"It has a good price."
"The price could be better."
"I rate the solution's pricing as a ten, as it is highly priced."
"I don't know much about the licensing, but there are some additional costs for certain features."
"We have a yearly cost that we pay for the licensing. We do not pay any costs in addition to the licensing fees."
"My organization pays for it, and I do not look into the financial aspect of the licensing, but I know it is pretty expensive."
"The cost of Alteryx is approximately $2,900 annually."
"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
23%
Manufacturing Company
9%
Computer Software Company
9%
Retailer
6%
Computer Software Company
10%
Comms Service Provider
9%
Educational Organization
9%
Manufacturing Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business31
Midsize Enterprise15
Large Enterprise51
By reviewers
Company SizeCount
Small Business2
Midsize Enterprise1
Large Enterprise4
 

Questions from the Community

What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
One of the differences is that with Alteryx you can use it as an ETL and analytics tool. Please connect with me directly if you want to know more.
What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
Alteryx is an extremely easy and flexible data tool, flexible in terms of drag and drop toolset and also has python, R integrations if your team requires this. It can handle over 2 billion rows of...
What is the Biggest Difference Between Alteryx and IBM SPSS Modeler?
I am not familiar with IBM SPSS Modeler, therefore, I cannot compare these two products. Regarding Alteryx I can say the following: - An excellent desktop tool for Data Prep and analytics. - Featu...
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 visually represent the system behavior before creating the code. It allows you to see...
What is your experience regarding pricing and costs for MathWorks Matlab?
Regarding the pricing part and licensing cost for MathWorks Matlab, it is not cheap, but it depends on the functions you need. You don't need all of them; you may just require a few and then it's r...
What needs improvement with MathWorks Matlab?
The application is pretty good, and I don't really complain. For my purposes, MathWorks Matlab is perfect because it's very versatile; it is not out-of-the-box of course, and you have to program ev...
 

Comparisons

 

Overview

Information not available
 

Sample Customers

AnalyticsIq Inc., belk, BloominBrands Inc., Cardinalhealth, Cineplex, Dairy Queen
Information Not Available
Find out what your peers are saying about Alteryx vs. MathWorks Matlab and other solutions. Updated: September 2025.
868,787 professionals have used our research since 2012.