Businesses are lacking worker skills needed to develop Internet of Things (IoT) technology and cyber security, a new study says.

According to the report by UK-based satellite communcations provider Inmarsat, by 2050 the world population will hit 10 billion and IoT will be one of the most important technologies worldwide.

Machine learning, robotics, automation, 3D printing, artificial intelligence, and augmented reality will bring significant value, and IoT will be the gateway to these innovations.

However, 60 percent of respondents in the study reported that they required additional staff experienced in cyber security to handle the vast quantities of data that IoT solutions generate, while 46 percent identified a deficit of staff with experience in analytics and data science.

Additionally, only less than 28 percent of Asia-Pacific respondents reported to have all the skills they need to make the most of IoT on management, strategic, and delivery levels.

The study is focused on four verticals: agritech, energy production, transportation, and mining.

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