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modernize

(UK also modernise)
 
 
/ˈmɒdənaɪz/ verb [I or T]

Definition

to start using more recent methods, ideas, equipment, etc. so that something becomes or seems more modern: There has been a lot of opposition to modernizing work practices. If they want to increase output from the factory, they'll have to modernize.
modernizer noun [C] He considers himself to be a modernizer who is not afraid to impose necessary changes on the company.
(Definition of modernize verb from the Cambridge Business English Dictionary © Cambridge University Press)
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