A mechanism is provided for implementing operation optimization. Responsive to a request to load data via a input/output (I/O) load operation, prior to loading the data, transformed data in a local memory is searched for a match to the requested data. Responsive to identifying transformed that matches the requested data, the transformed data in the local memory is used to fulfill the request. Responsive to failing to identify transformed data in the local memory that matches the requested data, untransformed data in the local memory is searched for a match to the requested data. Responsive to identifying untransformed data that matches the requested data, the untransformed data in the local memory is used to fulfill the request. Responsive to failing to identify untransformed data in the local memory that matches the requested data, the requested data may be loaded from the storage system via the I/O load operation.