Actually stands for Matrix Laboratory and not for Mathematics Laboratory, as many thinks. Very easy to get addicted to since it saves a lot of time, but then, you must ask your employer to buy it and it's very expensive. Matlab can be seen as a game where the goal is to vectorize your code to speed it up. When coupled to Simulink, Matlab gets from very powerful to inescapably essential.

Lately, The MathWorks' strategy seems to be heading towards making the industry use Matlab at every level from design and development to production, thanks to products like the Matlab Compiler, the Real Time Workshop, the Data Acquisition Toolbox and the Stateflow packages.