CPU and memory resource governance is available since SQL server 2008, However the IO resource governance is new in SQL server 2014.
Here is - a very good blog about "IO Resource Governance in SQL Server 2014"
"By configuring the IO settings on the Resource Pools we can control the resources we want to provide for each tenant. This allows us to guarantee predictable performance regardless of the activity from other tenants or even provide differentiation in SLA for the Database Service based on the amount of the resources customers sign up to reserve.
Another scenario that many of you might find applicable is isolating your OLTP workload from any maintenance operations that need to run in the database. Rebuilding an index, for example, is a common operation that can trigger a large number of IO requests, as it needs to scan the whole index or table. By using IO Resource Governance we can limit the number of IO operations these tasks can perform and guarantee predictable performance for concurrent OLTP workload."
