Final answer:
The software referred to is a process control system. It's part of the move to an automation-enhanced information economy where information is the most valued commodity.
Step-by-step explanation:
The software used to control many industrial processes in an effort to reduce costs, eliminate human error, improve quality, and shorten the time it takes to manufacture products is called a process control system. This type of system includes human software interactions in complex automated systems, supporting the decision-making processes of workers. It helps address the challenges and changes in the job market brought about by the automation of the workplace, where computers and robots handle tasks that were once performed by humans. This shift is part of the broader transition to an information economy, where fewer people are needed to work in factories, and the means to use information creatively become critical assets. Firms are constantly looking for production technologies that minimize costs and maximize efficiency, which includes the use of automation to perform tasks previously done by human labor. The most important commodity in a postindustrial society is information.