With the world of current artificial intelligence (AI) that keeps changing very fast these days came the advent of a novel paradigm that is currently making very swift center stage also referred to as representation learning. Both the new Deep Learning (DL) models and the old Machine Learning (ML) models both rely on the principle that it is feasible to train or construct pertinent features directly from the data such that precise predictions or classifications are feasible. It is, however, very important to notice that while the two paradigms look upon their respective fields, they might very well be rooted differently in a number of ways. This research gives a detailed theoretical and comparative analysis of the theory of representation learning, particularly vis-a-vis the paradigms of Deep Learning and Machine Learning. The paper thereafter goes into a review of a detailed analysis of the underlying theory of the theory of generalization, hierarchical representational theory, and theory of feature extraction, highlighting their background concepts, methods, and functioning differences. It finalizes by encapsulating current field issues and foreseen possible future direction for
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