modern times; the modern age; this day and age
Refers to the present era, often with a sense of contrast to the past. Commonly used in statements about contemporary society, technology, or values.
今の時代、スマートフォンなしでは生活できない。
In this day and age, you can't live without a smartphone.
今の時代にそんな考え方は古いと思う。
I think that way of thinking is outdated in modern times.
A straightforward phrase composed of 今 (now) + の (possessive particle) + 時代 (era, age). The meaning is transparent from its parts.