A very broad dismissal of a useful concept, with no real substance. Just because it is easier and cheaper to keep data in company silos doesn't mean that will always be kept there. People are trying to make a difference.
I don't think that the dismissal has no substance. If it's cheaper and easier to hand the storage and management of data over to a third party, that's a pretty big reason to do it. If there's two fundamental things people care about, it's price and convenience.
And I'm sorry, but these semantic web ideas are 30 years old. Adoption is practically non-existent. Do you really think the burden of proof where the value is really is on me?