1. A system allowing for the storage and/or management of random samples of data from data streams in a computing environment comprising: a data storage and management engine operative to process the random samples of data for storage and/or management; and an instruction set comprising at least one instruction instructing the data storage and management engine to maintain the random samples of data and query and/or process the random samples of data according to a selected sampling paradigm, wherein the data storage and/or management paradigm comprises at least one instruction to receive and process data for storage and/or management utilizing a selected tuned data sampling algorithm operable to process data for storage on a cooperating storage media according to one or more operations comprising uniform random sampling, time window sub-sampling, expiring data sampling, time decaying sampling, and weighted sampling operations.