An example system may include one or more collectors and an analyzer. The one or more collectors receive a plurality of data streams that include operational data for a plurality of application nodes. The plurality of data streams are captured and provided by a plurality of meters deployed on at least one cloud computing platform to respectively meter the plurality of application nodes. The analyzer processes the plurality of data streams to generate real-time performance data for a first application of a plurality of applications and generates, based on the real-time performance data for the application instances, statistics for data flows between components of the first application. The analyzer generates comparative statistics on the performance of the first application relative to the performance of the plurality of applications hosted, and reallocated, based on the comparative statistics, resources for the performance of the first application.