Final answer:
All of the above. Key enablers for data-driven decision making include standardized corporate data, rich third-party datasets, affordable computing, and user-friendly software, which together enhance the ability to make informed decisions across various fields.
Step-by-step explanation:
The factors that enable a new age of data-driven, fact-based decision making include increasingly standardized corporate data, access to rich, third-party data sets, cheap, fast computing, and easier-to-use software. With these tools, businesses and individuals can gather and analyze large quantities of information quickly and effectively, making informed decisions based on solid data.
For example, in agriculture, farmers have shifted from relying on traditional almanacs to utilizing detailed data from sources like global positioning systems, historical weather patterns, and soil quality metrics to improve crop yield and maintain profitability. In the political sphere, data allows scientists to make better predictions. With businesses, data can influence the scale of operations and the competitive landscape between small and large firms. The ability to process and understand this abundance of information is a vital skill in the modern workforce.