A method for reconfiguring a cache memory is provided. The method in one aspect may include analyzing one or more characteristics of an execution entity accessing a cache memory and reconfiguring the cache based on the one or more characteristics analyzed. Examples of analyzed characteristic may include but are not limited to data structure used by the execution entity, expected reference pattern of the execution entity, type of an execution entity, heat and power consumption of an execution entity, etc. Examples of cache attributes that may be reconfigured may include but are not limited to associativity of the cache memory, amount of the cache memory available to store data, coherence granularity of the cache memory, line size of the cache memory, etc.