Convolution is an integral or sum used to obtain the probability of a specified function. It is widely used in mathematics, engineering and science for the calculation and analysis of various dynamic systems.

**Mathematical Operation**

In its core, convolution is a mathematical operation which involves taking the product of two functions defined over a given domain, and then integrating the result over that domain. To more accurately understand what convolution is, we have to look at it from different perspectives.

**Graphical Point of View**

From a graphical point of view, convolution can be thought of as sliding one function across another in order to calculate their overlap at any given point. This process can be visualized by imagining one function as a moving window – with every step forward, it overlaps with the other function differently and therefore changes the result of the integration.

From an algebraic point of view, convolution is defined as the operation which takes two functions (f(x) and g(x)) and produces a third function which represents amount by which they overlap each other on some given interval.

This can be expressed mathematically as: f*g = Σ f(u)g(x-u).

Here Σ is an integral operator used to denote integration over all possible values of u within certain bounds. From a computational point of view, convolution can be seen as an efficient way to compute linear operations such as dot products or matrix-vector multiplications.

By applying the concept of convolution, these operations can be done faster with fewer steps compared to their regular counterparts because you don’t have to go through all elements in the arrays/matrices involved – instead you only need to go through those elements whose overlap contributes significantly to the final result.

Overall, convolution provides us with powerful means for analyzing functions and computing complex mathematical operations quickly and effectively. It has become an indispensable tool for scientists all around the world who require accurate results delivered quickly.

**Translation Invariance**

Translation invariance means that the convolution operation is insensitive to the exact position of the features in the input image or signal. This characteristic makes the convolutional neural network (CNN) an ideal choice for tasks such as image classification and object recognition, where the position of the object in the input image may vary.

Spatial locality refers to the fact that the output of a convolution operation at a given position depends only on a small neighboring area of the input data. This property makes convolution efficient and allows the model to scale to larger images with more complex structures.

Moreover, the use of shared parameters in the convolution operation reduces the number of parameters required for training, which can significantly reduce the risk of overfitting, especially in data-scarce scenarios.

**Advantages and Disadvantages**

However, convolution also has some disadvantages worth mentioning. One of them is that convolution is sensitive to the size of the input image or signal. In other words, if the input varies in size, the architecture must be modified and retrained.

Also, although CNNs are known to work well for tasks such as image classification, they may perform poorly in tasks such as scene understanding or image segmentation, where spatial information and context are crucial. Another drawback of convolution is that it does not always work well for non-grid-like data such as graphs or trees, for which alternative techniques need to be explored.

**Summary**

In summary, convolution offers several advantages for image and signal processing tasks, but its limitations must be taken into account when designing models for more complex data structures.