Dynamic compression of systems management data

A method, system, and medium for compressing systems management information in a historical data store. Dynamically determining the appropriate compression algorithm to apply based on the type of data being compressed and stored. As further input is received for any particular measurement, the appropriate compression algorithm will be automatically selected from the set of available compression algorithms or be defined by a user configuration parameter. The amount of historical data stored with the minimal amount of data loss is optimized by the system dynamically changing the compression algorithm used for the given input data over a particular time span. The system engineer is therefore presented with the pertinent information for monitoring, administrating and diagnosing system activities.