Are Academic Journals Obsolete?
Writing "Surely there is a better way," eggy78 asks "With the ability to get information anywhere in the world in seconds, and the virtually immediate obsolescence of any printed work, why are journals such an important part of academic research? Many of these journals take two or more years to print an article after it has been submitted, and the information is very difficult (or expensive) to obtain. Does this hinder technological advancement? There are certainly other venues for peer review, so why journals? What do they offer our society? Are they just a way to evaluate the productivity of professors?"
Do it yourself, because no one else will do it yourself. [beta blockade 10-17 Feb]
Not only is it free, it has a high impact rating in the UK, so we can even publish there without having our careers impacted. Backed by the Institute of Physics, it is an example of what journals could easily become in time. I doubt that much in there will be of interest to the /. community, but it's a harbinger of things to come across all fields, I hope. I would expect that within 10-20 years, there'll be very few, if any pay-to-publish-and-pay-to-read journals.
In the same way that HEP has been using linux now for at least a decade, we are getting there with publishing too. Let's hope we can have some more examples here of other serious sciences with open-access journals.
As an academic myself, I can only say it would be utter madness to do away with academic journals. Peer review, though sometimes flawed (editorial bias), serves as information quality control. Yes, tripe still gets published. Yes, good papers still get refused. But it works well enough.
However, again, as an academic myself, I am very much opposed to the insane prices to get at research, both as a researcher and a writer. I have found that, if your research budget can't handle getting at a key piece of research, an email to the person who did it oftentimes results in a Word file or a PDF, because what they want is for you to read and use their work as well.
All this really is is the same copyright/IP storm we see everywhere else. Producers and consumers want each others' lives to be easy and to be able to meet each others' needs. But there is a massive organization in the middle that maybe costs too much but which handles some of the important work necessary to avoid wasting people's time. It's fun to research, but no one really likes reading all the unfiltered crap, so those people--regular professors--on those editorial boards have to be paid.
I'm seeing Creative Commons licenses creeping in, slowly, though. I think we'll see big changes coming down the pipe in academic, peer-reviewed journals, same as anywhere else.
Another junior academic here.
I feel like the original submitter question slightly confuses the issues of "paper vs. online", "pay access vs. open access" and "journal vs. something else." The fact is that the "paper vs. online" question is already nearly completely settled: journals have shifted aggressively over the last decade towards being online. Many of them still release paper versions--but nearly all academics access journals online nowadays. The business model has shifted from selling print subscriptions to libraries, to selling online subscriptions to institutions. Any decent journal nowadays is online, and searcheable both from the journal site and due to integration with other search services (e.g. Web of Science).
Journals are adapting, and online systems have helped them streamline their operations. "Two or more years" is no longer the norm. Good journals (with online submission) turn around papers in a few months. The paper is usually available online as soon as it has been accepted and typeset--so the publication is available to anyone interested long before the delayed dead-tree copy is shipped. Also, preprint servers (arXiv being the most famous) help academics get their results out quickly, while still publishing things in more official/traditional sources.
With respect to the "pay access vs. open access" question--this is a more difficult thing to change. Journals are very accustomed to their ability to charge for the spread of information. Many academics (myself included) consider this unfair (as they seem to do very little, relying on volunteer reviewers, and requiring authors to do quite a lot of editing and formatting themselves), and even detrimental to the free spread of information that is crucial to science. Despite the inertia of the entrenched players, things are changing. For instance, the Public Library of Science journals are all open-access, and are doing quite well at attracting high-profile science. The list of open access journals is growing all the time. The pressure has even induced many traditional journals to sponsor preprint servers (e.g. Nature Precedings), or to give authors the option of making their contribution open-access (usually through a page charge).
With respect to the "journal vs. something else" question... it's unclear why we should switch away from journals if they suit our needs. The current journal process (rigorous publication requirements, peer review, editorial oversight) is very important to modern science. It helps maintain the rigor and transparency, while reducing fraud and sub-standard work.
All of that to say that I'm a little confused by the initial submission. The situation is changing. Nearly everything is online. Open access is gaining traction. Modern journals bear little resemblance to the printed versions of a few decades ago... so the suggestion that they are "obsolete" somewhat misses the mark.