1. A computerized system for generating throttling parameters for an information technology (IT) management system based on historical event log data, comprising: an identification system examining events in the historical event log data, wherein an event comprises a message issued by an IT resource in accordance with a predefined protocol and identifies throttling candidates by comparing how often the event reoccurs and a measured time period analysis that measures how long of a time frame the event reoccurred with predefined identifier settings, wherein each throttling candidate comprises an event type for a series of redundant events that reoccur over at least one measured time period; an analysis system statistically analyzing event data associated with each throttling candidate and generates a set of throttling parameters for each throttling candidate based on the event data wherein the set of throttling parameters include a throttling window which determines a time frame during which the redundant events are discarded; a throttling system detecting and recording occurrence of the event type and discarding future occurrences of the event type until the throttling window has expired; and a system passing the set of throttling parameters to the IT management system for throttling of a set of new events, based on the set of throttling parameters.