MATLAB stands for Matrix Laboratory and is called as 'Language of Technical Computing' for its most versatile features which are gaining enormous application in modern era of computing. Its uses are wide spread in different fields, communication fields such as signal and image processing, communications, control systems and even in computation finance the use of MATLAB is on the vital magnitude.
MATLAB is a high-performance language for technical computing. It integrates computation, visualization, and programming in an easy-to-use environment where problems and solutions are expressed in familiar mathematical notation. Math and computation. Algorithm development. Modeling, simulation, and prototyping. As of 2017, MATLAB has over 2 million users across industry and academia. MATLAB users come from various backgrounds of engineering, science, and economics.