Organizations need a well-defined software retention strategy to manage incremental builds and old release versions effectively, ensuring compliance with data retention, privacy, and cybersecurity requirements. This strategy involves creating software retention policies, which can be classified into cleanup and archival policies, dictating when and how software assets and their metadata are maintained or removed. Key considerations when developing these policies include assessing resource capacity, understanding regulatory requirements, aligning with the software development lifecycle, and meeting business needs. Implementing retention policies, especially with automation, offers benefits such as improved productivity, reduced costs, simplified compliance, and prevention of accidental data loss. Best practices recommend using an artifact management solution like JFrog to automate processes, test policies before implementation, and maintain necessary metadata for compliance and restoration purposes.