Earlier quoted context omitted.
Cargo-culting someone else's process is a bad way to develop good process for your specific team and its needs. You could use the same logic to claim that "issues and PRs are not useful" because the Linux devs use a mailing list and patches. I think that's obviously absurd, all that this example shows is that a mailing list and patches can be a useful way to develop programs. It says nothing about alternatives at all…
What specific needs are met by daily status updates? Professionals outside of software don't do that. The best software projects don't do that. It's very popular in CRUD projects led by non-technical middle management with trust issues.
How do you know this? Have you done an exhaustive search?
For one example, are you quite certain that no part of any military ever does this?
What about every factory?