Technology today is advancing — often so fast that society fails to take full advantage of some great innovations due to outdated regulations, says the head of a new research center in Tokyo.

The newly established Center for the Fourth Industrial Revolution in the capital aims to update old regulations that hinder effective usage of cutting-edge technologies and accelerate social change by developing appropriate policy frameworks for a rapidly changing society, said Chizuru Suga, who heads the institution.

"In short, what we are trying to do is like determining the size of a soccer goal before playing the game. We are trying to set up common policy frameworks that help people play a fair game," she said during a recent interview with The Japan Times.