The present invention provides a DRAM/NVM hierarchical heterogeneous memory system with software-hardware cooperative management schemes. In the system, NVM is used as large-capacity main memory, and DRAM is used as a cache to the NVM. Some reserved bits in the data structure of TLB and last-level page table are employed effectively to eliminate hardware costs in the conventional hardware-managed hierarchical memory architecture. The cache management in such a heterogeneous memory system is pushed to the software level. Moreover, the invention is able to reduce memory access latency in case of last-level cache misses. Considering that many applications have relatively poor data locality in big data application environments, the conventional demand-based data fetching policy for DRAM cache can aggravates cache pollution. In the present invention, an utility-based data fetching mechanism is adopted in the DRAM/NVM hierarchical memory system, and it determines whether data in the NVM should be cached in the DRAM according to current DRAM memory utilization and application memory access patterns. It improves the efficiency of the DRAM cache and bandwidth usage between the NVM main memory and the DRAM cache.