Machine learning based assignment of service levels in a networked storage system

A system comprising:

• a memory containing machine readable medium comprising machine executable code having stored thereon instructions;
• and a processor coupled to the memory configured to execute the machine executable code to:
• transform performance parameters associated with storage volumes of a storage system for representing each storage volume as a data point within a parametric space, the parametric space defined by the transformed performance parameters;
• generate a plurality of bins in the parametric space, a size of each bin based on a deviation associated with the transformed performance parameters;
• iteratively adjust bin boundaries for the plurality of bins, such that upon bin boundary adjustment, each bin includes a threshold number of storage volumes;
• define a plurality of custom service levels for the storage system, based on a number of storage volumes represented within each bin and a desired number of custom service levels;
• and use the defined plurality of custom service levels for operating the storage system.

A non-transitory machine readable storage medium having stored thereon instructions for performing a method, comprising machine executable code which when executed by at least one machine, causes the machine to:

• transform, by a processor, performance parameters associated with storage volumes of a storage system for representing each storage volume as a data point within a parametric space, the parametric space defined by the transformed performance parameters;
• generate, by the processor, a plurality of bins in the parametric space, a size of each bin based on a deviation associated with the transformed performance parameters;
• iteratively adjust by the processor, bin boundaries for the plurality of bins, such that upon bin boundary adjustment, each bin includes a threshold number of storage volumes;
• define, by the processor, a plurality of custom service levels for the storage system, based on a number of storage volumes represented within each bin and a desired number of custom service levels;
• and
• use the defined plurality of custom service levels for operating the storage system.