Techniques for representative-based approach to store historical resource usage data are disclosed. In one embodiment, a management node may include a statistical representative computational unit to obtain historical resource usage data associated with a workload running on a host, divide the historical resource usage data into a plurality of pools with each pool comprising a predefined number of resource usage statistics, and determine a statistical representative corresponding to each of the pools. Each statistical representative may represent the predefined number of resource usage statistics in a corresponding one of the pools. Further, the management node may include a monitoring and managing unit to monitor and/or manage the workload using the statistical representatives.