The advent of digital audio was a monster change in the technology of audio. Today's audio systems are truly digital devices.
However, if you remove digital from the equation, the analog parts of audio haven't changed meaningfully in a long, long time. Yes, we use op amps and other integrated circuits that weren't available in the 1980's but that has only made the design and manufacture of audio componenets easier and cheaper. It hasn't contributed anything to the sound.
Yes, we have better materials for making speaker drivers. The old drivers mostly all disappeared because of rotted foam surrounds as an example. But speakers don't sound any better today than they did 20 or 30 years ago.
Recording engineers still value the sound they acheive with the old tube-amplified Neumann microphones from the 50's and onward. Some say no one has made a better microphone since.
My suggestion is that digital is not only a large technological advance in audio, it is probably the only meaningful one.