Artifact management refers to the process of storing, versioning, and tracking binary files produced during the software development process. It's essential for maintaining a systematic approach to handle various outputs of the software development lifecycle. Artifact management tools provide a centralized repository for storing and tracking artifacts, addressing challenges such as disorganization and difficulty in tracking artifacts. These systems offer features like access control, versioning, metadata management, and security measures to enhance efficiency and reliability. Implementing an artifact management system can bring numerous benefits including control, visibility, universality, security, traceability, auditing, speed, availability, collaboration, and cost-effectiveness, ultimately streamlining software development operations and enhancing the quality of software.