The 2N7001T-Q1 device is an excellent option for replacing discrete translators, as shown in Figure 9-3, and has the following benefits regarding discrete translation implementations:
A single device vs a four component solution
Minimized implementation size
Lower power consumption
VCC isolation feature
Higher data rates
Integrated ESD protection
Improved glitch performance
Figure 9-3 Discrete Translation vs. 2N7001T-Q1 Solution