Do Gen Z, millennials already have the skills CIOs need?

Organizations are facing a critical IT skills shortage, projected to cost $5.5 trillion by 2026, largely due to the rapid pace of technological change—especially with the rise of AI. Millennials and Gen Z, having grown up with evolving technologies, possess inherent skills that can help bridge this gap, with Gen Z leaning towards modern AI and millennials towards cloud infrastructure. Companies are increasingly recognizing alternative training methods like bootcamps and valuing “soft skills” alongside technical expertise to adapt to a changing workforce focused on skills, value, and continuous learning.