The whole thing sounds like it was written by some manager who had never touched a computer other than to type out a new resume.
One part of it says that companies who weren't hip enough (whatever) could not hire the "most sought-after recent graduates". Huh? You mean like the recent grads who can't find jobs because people with more experience take them?
Who the hell goes down the interview list and says "Boy I sure would like to have a bunch of college newbs working in IT."?
Fortran and Cobol going away? Hah.
Everything on the "cloud"? HAH!
Plugging devices into machines willy-nilly without letting them get vetted by IT to check for security and usability problems? HAHAHA.
Whoever wrote this article is living in fantasy land. Sadly this is exactly the kind of article that jack-off managers read and use to convince their "superiors" that IT needs less money or people.