Methods, apparatus, and processor-readable storage media for monitoring and processing storage resource data using smart tagging techniques are provided herein. An example computer-implemented method includes obtaining data pertaining to multiple storage resources in at least one storage system; generating one or more smart tags related to one or more storage parameters; applying at least one of the one or more smart tags to at least a portion of the data; monitoring at least the portion of the data with the one or more smart tags; generating, based at least in part on the monitoring, at least one alert pertaining to at least one of the multiple storage resources; and performing one or more automated actions based at least in part on the at least one alert.