A method of managing resources in a cloud environment is disclosed. The method includes receiving a plurality of parameters associated with an event. The method further includes comparing a value of each of the plurality of parameters with a predefined threshold range. The method includes converting the value of each of the plurality of parameters into a vector, when the value of each of the plurality of parameters is within the predefined threshold range. The method further includes training a neural network based on the vector of the value of each of the plurality of parameters, wherein the neural network is trained to manage the event. The method includes storing an output of the trained neural network in a database in response to the training. The output corresponds to management of the event and the database further comprises a mapping of the event to the trained neural network.