An electronic system for imaging and analyzing various types of formation drilling tools on the field or in a test setup, comprising:
- a. a set of high-resolution cameras or a mobile electronic device for imaging;
- b. sensors to profile and compute linear and angular position of the system and the various cutting elements and other supporting components of the drilling tool;
- c. software applications with image processing, artificial intelligence, and engineering analytics facility;
- wherein the electronic system can be a customized device or can also be a mobile smart phone device with high resolution imaging capability and positional sensors;
- the cameras or the mobile electronic device is used to capture the high-resolution images;
- the sensors are used to further profile the drill bit and the mobile phone software application is used to process the captured image and further perform analysis.