A system and method for update of firmware of a storage array controller of a storage device in a storage area network. The I/O workload of the storage device is monitored to obtain workload information regarding I/O traffic of the storage device. The workload information is analyzed to identify patterns in the I/O traffic of the storage device. Based on one or more identified patterns in the I/O traffic, future I/O workload of the storage device is forecasted, and, according to the forecasted future I/O workload, at least one firmware update is scheduled.