The semantic web is a colossal waste of time and money. It does more harm than good. Unless you're a savvy PI (probably in a European country) who has used it to lasso a big fat grant from clueless committees who think in terms of buzzwords.
Every successful project which is linked in any way to semantic web, would have been successful without the semantic web.
The only original thing to come out of semantic web, RDF, causes more harm than good. Anyone who has had to deal with encoding sequences in RDF, or any other kind of nontrivial structured data, which is only possible with incredibly asinine "blank node" trickery, either knows this or is deceiving themselves.
Semantic reasoners are either limited to EL ontologies, which defeats the whole purpose of OWL's expressiveness; or else take dozens of gigabytes of RAM to reason over any ontology more complicated than "the pizza ontology". Utterly, thoroughly irrelevant in today's VPS-based world.
The semantic web "community" is about 75% made up of invalid URLs because all these academic geniuses are too busy theorizing about ontologies to realize that all the links into their department webpage are going to stop working when their one-year postdoc expires. Various URL-standardizing services try to address this, unfortunately the number of these services is approximately 1 per semantic web researcher, and in the long run they're no more stable than the department webpages.
The semantic web is a horrific waste of (mostly EU) grant funds that could be used on far more worthy research. The world would be a better place if the whole idea had never been invented.