Translation Memory is a technology used in the field of translation that stores previously translated segments of text. These segments can be sentences, phrases, or even single words. When a translator encounters similar text in the future, the system suggests the stored translations, helping to maintain consistency and speed up the translation process. This tool is particularly useful for large projects or documents that require multiple translations over time. By reusing existing translations, Translation Memory not only saves time but also reduces costs and ensures that the translated content remains uniform across different versions.