state of the art

noun
the latest and most sophisticated or advanced stage of a technology, art, or science.

Origin:
1960–65

state-of-the-art, adjective
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World English Dictionary
state of the art
 
n
1.  the level of knowledge and development achieved in a technique, science, etc, esp at present
 
adj
2.  the most recent and therefore considered the best; up-to-the-minute: a state-of-the-art amplifier

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Idioms & Phrases

state of the art

The highest level of development, very up-to-date, as in This new television set reflects the state of the art in screen technology. Despite including the word art, this term originated in technology, and its first recorded use appears in a 1910 book on the gas turbine. Today it is often used adjectivally, as in This is a state-of-the-art camera, and sometimes very loosely, as in That movie is state-of-the-art Woody Allen.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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Example sentences
Admittedly object recognition software would have to be a lot better than the
  current state of the art.
Five to three thousand years ago cuneiform was state of the art.
You'd have expected them to have something closer to state of the art here.
Readers interested in the state of the art on the galactic center should read
  through the overall thread.
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