Modernization (noun)

1. The process of modernizing or the state of being modernized.
2. The introduction of new technology, ideas, or methods of working.
3. The alteration of something so as to make it more modern.

Origin:

Late 17th century: from modernize, on the pattern of latinization.

Examples:

1. The modernization of agriculture has increased food production.
2. The modernization of the army was a priority for the government.
3. The modernization of the old building turned it into a modern office complex.
4. The country is undergoing a rapid modernization.
5. The modernization of the city's transportation system has greatly improved its accessibility.