This is the 1965th most frequent Russian word.
современных
"Современных" means "modern" or "contemporary" (genitive/plural/accusative form).
Here, 'современных' functions as an adjective in genitive plural form, modifying 'технологий' (technologies) to specify their quality as modern.
Современных технологий в этом проекте используется много.
A lot of modern technologies are used in this project.
In this sentence, 'современных' is an adjective in prepositional plural form, describing 'условиях' (conditions), characterizing them as modern.
Молодёжь предпочитает жить в современных условиях.
Young people prefer to live in modern conditions.
Here, 'современных' is an adjective in genitive plural form, modifying 'языков' (languages) to denote them as contemporary.