What did commentators mean when they referred to the late 20th century as the "information age"?

The 20th century was referred by the commentators as the “Information Age” because it was the period when the great advances in technology started to contribute to the sharing of information and knowledge. By that time, it was possible to see events as they happened from any part of the world allowing sound, images, and videos to be delivered instantly by satellites and inter-continental cables.

The answer is c socialist