'IoT is under hyped' - wow, that is a bold statement. But I share the same opinion and I agree that the IoT train is leaving the station.

To add to your point, I feel that most of IoT skeptics either feel that the 'things' are too varied to be connected or believe that IoT needs to be a platform that covers most things across all segments. While connecting 'things' is certainly a complicated business, there is tremendous value in doing so and I believe Cisco is adopting the right strategy by breaking the problem into smaller chunks and attacking them, as in the case of Cisco's industrial IoT solutions.

To skeptics who feel that a single large platform is needed, I think it arises from the tempting view on 'how mobile became a platform'. We should see Internet as a fabric that wraps around 'things' in IoT and we are the tailors who do the design of the IoT clothing.