Especially with the rise of "ghost postings" so quantity over quality is greater than ever these days
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Nobody in my industry bothers to read them. You'd be lucky if they spend more than a minute on the resume so they're a waste of time.
Some organizations in my industry require them, so guess it depends.
Regardless of if it's required, however, I would still argue that it's good even if you don't have to send it to the company. To me, it helps me put my head in the right mindspace to argue for myself and make a case that I'm the person for them.
Is your industry the 1950s?
My industry is STEM?
Why are you asking me? Also, that's not an industry.