Dynamic instantiation and management of virtual caching appliances

A computing device comprising:

• a memory comprising machine executable code;
• and
• a processor coupled to the memory, the processor configured to execute the machine executable code to cause the processor to:
• define a service level objective for a plurality of workloads;
• monitor performance metrics related to the service level objectives for the plurality of workloads;
• obtain workload characteristics of the plurality of workloads;
• in response to determining that allocated resources are underutilized, implement a cache change.

A non-transitory machine readable medium comprising instructions for performing a method, which when executed by a machine, causes the machine to:

• define a service level objective for a plurality of workloads;
• monitor performance metrics related to the service level objectives for the plurality of workloads;
• obtain workload characteristics of the plurality of workloads;
• in response to determining that allocated resources are underutilized, implement a cache change.