During the recession, IT spending focused on cost reduction as companies sought to stop the bleeding in earnings.   Doing more with less, business put strategic projects on hold.  However according to the Maven Wave Partners IT Investment Index (the “MIT Index”), a new bell weather measure of investment in information technology spending, the IT spending squeeze is over.

From its low in 3Q 2009 at the depths of the financial crisis, the MIT Index, representing aggregate enterprise spending on IT, is projected to increase by 16.9% to an all time high by the end of 2012.