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I'm writing a Personal Statement and I need to say something like "this research topic is hot in both academic society and industrial society". Are these phrases correct?

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up vote 12 down vote accepted

I might say, "[…] in academia and in industry […]."

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Possibly using "...in both academic and industrial circles" would be better, but it may depend on the wider context of the statement.

Instead of 'circles' you could also use 'groups.'

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Another possibility is (with)in the academic community. Not sure if you can write industrial community though.

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