Carlos Da Costa of the Brazilian Development Bank discusses how the bank can support and direct digital transformation in Brazil. The Brazilian Development Bank (BNDES) has historically been responsible for 50 percent of the country’s infrastructure financing and is now looking towards the future of work. The third largest development bank in the world, BNDES has more than US$250 billion in assets and more than 2,000 employees. It has more money invested in Brazilian development projects than the World Bank has invested globally. According to Da Costa, digital transformation – integration of smart cities, smart grids, and healthcare fuelled by the internet of things – needs three components: physical infrastructure (like 5G), people (creatives who live and work in the digitised space) and organisations. Organisations are especially important to Da Costa. These new organisations must be less risk-averse, look forward instead of back and be keen to exchange ideas.