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LabVIEW software helps make the complexity of low-level programming and embedded hardware configuration invisible to the user, so the domain expert can focus on the design (algorithms, mathematical models, signal processing routines, and so on) instead of low-level software and hardware issues that are not the key subject matter of the research work. Domain experts can achieve this with a high level of abstraction using different computational models (data flow, statecharts, scripts, and so on).
It is nice software to carry out:
data acquisition,
monitoring some sensors and processes,
presenting the results on predefined graph.
Graphics User Interface (GUI) is generally easy to set up; the diagram may be not so easy to develop depending on the applications.
A lot of other softwares could be used for programming that are more suitable in some application, e.g. calculations, image processing... , due to e.g. speed of data processing.
You could also decide to combine the software to optimise the time of calculation ;) .