How important is MATLAB?

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MATLAB is fairly important for engineer’s dealing with ‘signals’. It is used for rapid prototyping, meaning you can quickly code your ‘idea’ and you can simulate near to practical scenarios to measure its performance. So, how would this help you ? Coding is relatively easier in MATLAB because of vast number of IP’s. This reduces your coding time allowing you to invest more on developing the method.

“How important is MATLAB” actually depends on the question “What are you going to do with it ?”. Often there are various tools for various branches :
1. for Image Processing/Computer vision applications you have many choices such as Numpy, MATLAB, OpenCV.
2. For Machine Learning/ Data Analysis R, MATLAB, Scipy, Weka
3. For Speech related tasks HTK, Sphinx, MATLAB

You should notice that MATLAB can do many things ‘quickly’ but the trade-off is it is often not the most efficient way to solve the problem. I think what makes MATLAB stand apart is its diversity(Instead of learning various languages, if you know MATLAB you can do almost each and every task) and very smooth learning curve (You dont need profrssional training in MATLAB, there are number of resources and it is literally easy to learn ). MATLAB is very good if you are in the learning phase. Once you decide your field, then you can switch to more advanced tools which are better than MATLAB.