How can MongoDB be used to manage real-time driver data such as location, status, and availability?

This is quite easy. Use at your own risk.

const _id = driver_id ;
const position = driver_position ; /* can be lat,long,address or zip */
const busy = true ;
const available = false ;
const $set = { position , busy , available }

db.driver_status.updateOne( { _id } , { $set } ) ;