There are many different types of metrics pertaining to storage and IO that can be grouped into Performance, Availability, Capacity, Economics and Energy (PACE). Every application or workload has some characteristics attribute of Performance, Availability, Capacity, Economics and Energy that can be further broken down into metrics that are more detailed.
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When you read books on virtualization, cloud computing, security, or software product sheets a common word that shows up is Policy. Tools often claim to implement Policy, while books urge you to read or write your Policy. But what does Policy imply?
Webster (webster.com) defines policy as:
1 a : prudence or wisdom in the management of affairs b : management or procedure based primarily on material interest
2 a : a definite course or method of action selected from among alternatives and in light of given conditions to guide and determine present and future decisions b : a high-level overall plan embracing the general goals and acceptable procedures especially of a governmental body
When you read policy in product literature and books we are looking at definition number 2 and often a over b. But what does this mean to those who administer and run virtual environments or make use of cloud services?