The present disclosure is directed to a digital system for managing a wind farm having a plurality of wind turbines electrically coupled to a power grid. The system includes a farm-based first communication network having one or more individual wind turbine control systems communicatively coupled to the one or more wind turbines and an overall wind farm control system. The system also includes a cloud-based second communication network communicatively coupled to the first communication network via an industrial gateway. The second communication network includes a digital infrastructure having a plurality of digital models of the one or more wind turbines, wherein the plurality of digital models of the one or more wind turbines are continuously updated during operation of the wind farm via data supplied by the farm-based first communication network.