G Suite Update: The “Team Drives” feature of Google Drive will be renamed to “shared drives.”

What’s changing 

The “Team Drives” feature of Google Drive will be renamed to “shared drives.” This will impact: 

• Drive on web and mobile: Timing may vary depending on the specific platform. See below for more info.
• Drive File Stream: Beginning on May 31, 2019, with the Drive File Stream version 31 release, “Team Drives” will be renamed to “shared drives” in the Drive File Stream navigation. This may require you to update settings on your devices (see below for more info). 

Why it’s changing 

This change will not impact Team Drives functionality; it is simply a name change. Our users have told us that they use Team Drives for a lot more than sharing within teams, so “shared drives” makes it easier to understand how you could use them.

How to get started 

• End users: In Google Drive, in the left hand side panel, “Team Drives” will be renamed to “Shared drives.” Any desktop shortcuts that link to content inside of shared drives will need to be updated.

For more details on the transition refer to this G Suite Updates Blog Post

Refer to this KBA on Google Drive Best Practices 
For more details on using Team Drives review this blog post: Get Started with Team Drives

Partially reposted from: Team Drives is being renamed to shared drives