While techniques for dealing with large volumes of data are certainly more general (and intellectual) than VB3, these complaints are similar in nature. I don't hear Google complaining about deficiencies in top-ranked undergraduate CS programs. It's not as if a basic knowledge of algorithms and data structures is not still required (if anything, it's more valuable with large datasets).
For years, universities have thought their mission was to educate, and businesses thought their goal ought to be training. Interestingly, those businesses with reputations for hiring top talent don't seem to complain about specific coursework. It's not like the mid-90's Microsoft complained that its recruits didn't know VB! And, Google certainly has a penchant for hiring smart people without regard to specific technical knowledge.