I mean honestly this is just total bullshit. There is plenty of value in academic papers. It's just that there is very little money to be made in developing tools such as those mentioned by the OP as there is very little money in academia.
I understood the criticism directed at the value of papers as instruments of knowledge sharing. The argument is not that papers are completely useless in terms of knowledge sharing but that this pure purpose of dissemination is largely overshadowed by considerations of carreer, prestige, funding or any interest other than knowledge sharing.
This is the world we live in. A scientist is a person that needs to make a living and is subject to various constraints.
The reason that there is little money to be made is that society hasn't found a way to set up the scientific process in such a way that the constraints would value the increase in public domain knowledge higher than the incentives to hold some knowledge back.
Part of this may stem from leaving specialized knowledge to academia while letting only companies reap the monetary rewards of putting the knowledge to use. Society benefits only indirectly (better drugs, machines, etc) but industry players will rather shield knowledge and adapt its representation to their own needs.
Very little money, and more than that, very little unallocated money. I'm fortunate enough to have a decently well funded lab, but almost all of that funding is spoken for. Your Compelling New Product needs to be compelling enough for me to put it into grants anticipating it'll still be around in several years, often enough to get around most grants not being funded.