Tracking resource utilization using normalized Input/Output (‘I/O’) operations, including: selecting, for each storage device of one or more storage devices, a corresponding group of input/output (I/O) operations; calculating, for each storage device of the one or more storage devices, a normalized I/O operations per second (IOPS) value based on the corresponding group of I/O operations and a size scalar; and generating a report based on the normalized IOPS value for each storage device of the one or more storage devices.