Explain how increasingly standardized data, access to third-party datasets, and current trends in hardware and software are collectively enabling a new age of decision making?

Answer and Explanation:

The information revolution has had profound impacts on decision-making allowing more informed decision as a result of "stone throw" information reach - in our pockets, the desk, the TV, and the vast number of technologies that make this possible.

Standardized data which involves data formatted to bring uniformity and be easily understood and compared by programs and people, access to rich, outsider dataset and less tasking and flexible plus powerful programming have all contributed to empowering another time of information driven decision-making that are less prone to errors and mistakes.