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matlab is a great tool for writing code quickly, but matlab also has many drawbacks. For example, I don't have a matlab license.
Octave is fine but doesn't have support for parallel-computing, which is necessary for acceptable performance. Also Matlab is fairly slow, and Octave is even slower + less stable. I haven't measured Octaves speed in comparison to Matlab, but tests indicate that a near-straight julia port would run 50x faster (single threaded) than the equivalent Octave code.
The drawbacks with julia include
- more verbose than Matlab
- less intuitive for debugging
- worse documentation compared to Octave and especially Matlab
however the speed of julia is hard to beat
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