A system for a distributed computing network for managing instrumentation information from a plurality of network-connected managed entities. One or more instrumentation processes are coupled to each of the network-connected managed entities and configured to gather performance metric values. A first classification process is responsive to information describing a type of input/output operation being performed and is configured to select one or more counters based upon the type of input/output operation being performed. A second classification process is coupled to receive a performance metric value from the one or more instrumentation processes. The second classification process is responsive to a computed logarithm of a measured value of at least one metric to select and increment a particular counter of the one or more counters selected by the first classification process.