> Academia is characterized by well-trodden problems, hashed over for decades, and negligible novel data for resolving them. Industry is by comparison a mass of green field areas of inquiry with large budgets, minimal bureaucracy, and ample data.
These two sentences neither describes academia (science) nor industry.
Science expands the realm of what’s possible, and industry focuses more on scale and bringing a specific service to the masses.
Therefore, science is the realm with novel data, while data from industry is larger in quantity but more focused towards a customer or service.
In general I hate to the “academia bad, industry better” types of articles. It’s a high dimensional comparison with lots of overlap. There are many places where academia is preferable to industry, and many places where industry is preferable to academia.