modernize
v.to update something so that it uses the latest ideas, technology, or styles. You do this to make an old system or building work better for people today.
v.to adapt something to modern needs, tastes, or methods by incorporating current technology and contemporary standards. Often implies an improvement in efficiency or relevance.
“The company needs to modernize its computer systems.”
“The city council plans to modernize the public library by adding high-speed internet and digital archives.”
“Economists argue that the government must modernize the aging infrastructure to remain competitive in the global market and attract foreign investment.”
The verb is transitive and takes a direct object.
From modern + -ize or French moderniser.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.