A waste management system includes a waste management device, a monitoring unit, and a communication unit. The waste management device includes a collection unit, a classification unit, a segregation unit, a plurality of sensors, a power unit, and a plurality of waste bins. The collection unit collects one or more waste articles. The classification unit utilizes a machine-learning model and identifies a waste category of the one or more waste articles. The segregation unit transports the one or more waste articles to a particular waste bin corresponding to the identified waste category. The power unit supplies power to the waste management device. The monitoring unit monitors the waste management device and controls a resultant action. The communication unit communicates one or more data between a control station and the waste management device using a plurality of IoT devices.