What are the benefits of using Labview?

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).

 Easily Create Professional User Interfaces With Source Code Control, Validation, and Requirements Management Tools easily testing of instruments

 

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 ;) .

we can create any virtual instruments through LabVIEW......
here only blockdiagram description is used, so no need on the knowledge of component by component circuit diagram....
simple and real time output displays are there...

make control of things we want to run by an easier steps with less time and efficient way .

As LabVIEW stands it is Laboratory Virtual Instrumentation Engineers Workbench.It has got its own more exciting features which will make LabVIEW defer from other Programming Languages like instead of going the instruction writing you can directly drag the things you want and "wire" it.
There are more benefits includes1.Graphical Programming Language2.Support OOPs to an extend3.Provide more easy-way to communicate with hardware.4.Can be run the application in any OS(any flavours of Window,Linux,Mac and realtime OS like VxWorks)5.Easy to Understand and learn the fundamentals See more on http://www.ni.com/labview/