• GE launches SourceNow, an innovative digital solution that serves as a one-stop-shop for industrial services

  • Solution promotes the growth of small and medium enterprises (SMEs) providing industrial services, created as GE’s first startup concept in the region

  • Powered by Predix, GE’s digital industrial expertise, and local industrial procurement and sourcing knowledge

Dubai, UAE; August 2, 2017

GE has announced the launch of SourceNow, an innovative digital solution that provides a one-stop-shop for industrial services. The solution creates a unique digital marketplace where buyers can float electronic requests for quotes to pre-qualified suppliers.

Around the world, the list of digitally-enabled organizations disrupting traditional business models is growing larger by the day, with one common goal—satisfying real market demands. SourceNow provides a similar breakthrough by offering an innovative, intuitive, easy-to-use solution that solves the challenge of sourcing highly-skilled and highly-specialized industrial services. The solution was developed by a small startup-concept team from GE’s Power Services Middle East and Africa (MEA) unit based in Dubai, UAE and is particularly useful for small and medium enterprises (SMEs) that often have limited access to, or awareness of, high quality suppliers.

Michelle Wu, CIO and VP of Digital Technology for Power Services MEA, said: “SourceNow will change the way industrial services suppliers and customers do business. The large number of verified vendors and customer review ratings help to offer competitive prices and bring speed and efficient options to buyers. We have seen consumer goods industries use digital solutions to provide various scales of products, ranging from e-books to food service delivery. However, SourceNow provides services on a larger scale with simplicity and easy access to complex and sophisticated services in sectors such as power generation and oil and gas.”

At the heart of SourceNow are three critical elements that have helped to create an easy-to-navigate digital solution connecting suppliers to customers, while simplifying complex sourcing processes:

  • Powered by Predix*, GE’s platform for the Industrial Internet – purpose-built to meet the scale, complexity, speed and security requirements of industry.

  • 125 years of GE’s industrial domain expertise in quality services.

  • More than 110 years of GE’s industrial procurement and sourcing knowledge across the Middle East and Africa (MEA) region. 

With over 430 registered industrial services suppliers, SourceNow currently offers more than 20 different categories of industrial services in the UAE, Saudi Arabia, Kuwait and Egypt. These categories include welding and fabrication, machining, EPCs, shop repairs, equipment rentals, manpower and much more.

“Looking at the broader picture, SourceNow builds on our commitment to help industrial services suppliers and SMEs grow faster. By connecting them and giving them easy access to each other, the digital solution can support their business objectives and speed up their decision-making processes,” Wu adds.

The launch of SourceNow in the Middle East and Africa builds on GE’s efforts to promote the development of local SMEs and indigenous entrepreneurship in the region’s industrial sector. In the UAE, GE’s Ecomagination Center, located at Masdar City, aims to drive the development of innovative solutions to solve sustainability challenges collaboratively. In Saudi, Dussur and GE signed a joint venture worth over $267 million to strengthen “Made in Saudi” capabilities by expanding manufacturing processes to create the capacity to supply most of KSA’s annual demand for gas turbines and boost the local supply chain to benefit SMEs. In Kuwait, GE’s investments in the industrial ecosystem include the Kuwait Technology Center (KTC), which serves three core areas for energy sector customers across the Middle East and Africa: training, tooling and engineering. In Egypt, the GE Egypt Digital Innovation Challenge was recently held in collaboration with the Technology Innovation & Entrepreneurship Center (TIEC). More than 185 submissions, from 18 governorates, helped to find digital solutions for industrial challenges.

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*Predix is a trademark of the General Electric Company

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About GE
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Power
GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable. For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

For more information, please contact:
Caroline Wehbeh
Communications Director, GE Power MENAT
+971 4 4296318
caroline.wehbeh@ge.com

Kelly Home | Nivine William                                                              
ASDA’A Burson-Marsteller                                                                 
+971 4 4507600                                                                                  
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© Press Release 2017