The approach to reasrch in academia and industry differ in many ways. The purpose of academic research is usually for the sake and beauty of research or to test a curiosity or question. Whereas in industry, research is conducted to fulfill a business need and is financially motivated. In terms of who does the work in research, graduate amd post doctoral students are responsible in academia and industry hires scientists and engineers to conduct the research. Often times it is the graduate and post doctoral students that become the industrial researchers. I do not see one approach to research as better than the other. Even though the motivations behind the research are different, they can be mutually beneficial. Academic research can have industrial applications and academic researchers can work in industry to further fund their passion research projects.
I academia, research is approached like a puzzle that needs solving. It is normally started by a professor with interest in the topic, grant funded, and goes on for a few years. On the other hand, industry research is normally driven by money. There are more strict timelines to follow and has a means to an end. I feel as though industry research is better because it gets to the point the fastest. There is a problem, and industry research will solve it in a reasonable amountof time.
I believe that the two approaches to research, academia and industry, each have their own merits and drawbacks. In academia, research tends to be more fundamental and exploratory, focused on advancing knowledge and fostering collaboration across institutions and disciplines. This can lead to groundbreaking discoveries and transparency through peer-reviewed publications. However, it can be time-consuming and may not always result in immediate practical applications. On the other hand, industrial research is more applied and results-oriented, serving the company's financial interests and often staying proprietary. While this approach can drive innovation with clear objectives, it might lack the openness of academia. In my view, the academic approach's emphasis on innovation and transparency outweighs its disadvantages, but bridging the gap between academia and industry through public-private partnerships can offer a balanced approach to research.