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I don't know why but more than often I am encountering the phrase "empirical praxis".

Does its meaning have any relation to the phrase "empirical truth" ? What is it exactly about ?

Sample usage -

More and more companies are discovering that empirical praxis is the only long term energy supply in business.

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The phrase you have quoted seems to come from this Quora post. The post is praising a particular person as a visionary.

The meaning of empirical praxis, in this context, seems to be something like "well researched practices". The author is using purple prose because of their deep admiration of the person they think is a visionary. I would say practice is the more usual word to use in this context.

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    Haha. Nice investigative skills Mr.Sherlock ;)
    – R11G
    Oct 20, 2013 at 8:17

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