I'm not sure I understand the distinction between academia and insight here. I take academia to mean the formalized pursuit of knowledge. At least at my (largely research driven) school, insight--here meaning "penetrating mental vision or discernment; faculty of seeing into inner character or underlying truth." (thanks dictionary.com) plays a major part in academia.
At least for me, my formal education has led me to some truly wonderful insights into the world around me. My education has actually made me a monster to debate. Everyone in the world should know to operationally define their terms, which is the number one thing we psych students have beat into us.