This is the 8787th most frequent Russian word.
позволяет
"Allows" or "permits."
The word 'позволяет' is used here to indicate the action of enabling or providing the possibility for something to happen.
Эта технология позволяет передавать данные быстрее.
This technology allows transferring data faster.
In this sentence, 'позволит' (future form) expresses permission or granting consent for an action.
Он позволит мне прийти позже.
He will allow me to come later.
Here, 'позволяет' refers to creating the capability or conditions necessary for an improvement.