Try our new research platform with insights from 80,000+ expert users

FICO Decision Management 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

FICO Decision Management
Ranking in Data Science Platforms
30th
Average Rating
9.0
Reviews Sentiment
6.7
Number of Reviews
4
Ranking in other categories
Decision Management Tools (2nd)
MathWorks Matlab
Ranking in Data Science Platforms
17th
Average Rating
8.6
Reviews Sentiment
5.2
Number of Reviews
4
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of August 2025, in the Data Science Platforms category, the mindshare of FICO Decision Management is 0.4%, up from 0.2% compared to the previous year. The mindshare of MathWorks Matlab is 1.0%, up from 0.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Data Science Platforms
 

Featured Reviews

it_user147981 - PeerSpot reviewer
I would recommend buying this product for loan origination purposes
FICO OM is very flexible in terms of development, with rapid application development options Streamlined loan origination processes. Credit products. Two years. No. No. Below average. Straightforward. Flexible. Yes, we did. I would recommend buying this product for loan origination…
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.
report
Use our free recommendation engine to learn which Data Science Platforms solutions are best for your needs.
865,384 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Financial Services Firm
41%
Computer Software Company
11%
Manufacturing Company
7%
Real Estate/Law Firm
6%
Educational Organization
10%
Comms Service Provider
9%
Manufacturing Company
7%
Hospitality Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

Ask a question
Earn 20 points
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?
The pricing for the software itself is reasonable, and I didn't encounter any additional costs beyond the initial purchase or license.
What needs improvement with MathWorks Matlab?
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 Mat...
 

Overview

Information not available
 

Sample Customers

Aiful, Raiffeisen Bank International AG
Information Not Available
Find out what your peers are saying about Databricks, Knime, Amazon Web Services (AWS) and others in Data Science Platforms. Updated: August 2025.
865,384 professionals have used our research since 2012.