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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
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