In digital audio, bit depth specifies how precisely each sample captures the amplitude of the analogue signal. A higher bit depth increases resolution and dynamic range by allowing more possible amplitude levels.
For example, 16-bit audio provides 65,536 levels and roughly 96 dB of dynamic range, while 24-bit provides over 16 million levels and about 144 dB. Greater bit depth reduces quantisation noise and allows for more accurate representation of subtle dynamics, making 24-bit the standard for recording and mixing.