Obsolescence
(noun)
The state or condition of being out of date or no longer useful or relevant.
Origin:
From latin obsolescens, from the verb obsolere "to grow old".
Examples:
- The technology is becoming obsolete.
- The building is facing obsolescence.
- The product is being phased out due to obsolescence.
- The company is investing in new technology to prevent obsolescence.
- The car model is no longer in production due to obsolescence.