1. A method of managing data analysis applications in a computing environment, said method comprising: determining current utility of a data analysis application using an algebraic formulation or a procedural formulation to determine the current utility, said data analysis application to analyze data produced by one or more sources and comprising a model building component and a stream processing component, the model building component to build an analytic model to be used by the stream processing component to process a stream of data; and automatically adjusting, by a processor, at least one of allocation of resources for the model building component or a configuration of the model building component, the configuration comprising at least one configuration parameter input to the model building component for use in building the analytic model, the automatically adjusting to increase the current utility of the data analysis application.