Automated management of shared I/O resources involves use of a policy engine for implementing I/O scheduling group I/O policies. The I/O policies are used for determining whether corresponding I/O requests should be issued to a shared storage system immediately or should be delayed via corresponding policy-based queues. In the context of database systems, a database administrator can specify policies regarding how I/O resources should be used and the database system itself enforces the policies, rather than requiring the database administrator enforce the I/O usage of the database and of the individual users.