Final answer:
The true statement about big data is that it is a result of exponential growth of data in both public and private organizations, requiring advanced computing solutions to process efficiently.
Step-by-step explanation:
Among the statements provided, the correct one about big data is: It is a result of exponential growth of data in both public and private organizations. Big data has emerged due to the vast amount of information being generated and stored at an unprecedented rate, which is evident in scenarios like the Sloan Survey, where scientists managed over 15 terabytes of data, comparable to the information in the Library of Congress. Traditional computing methods are typically insufficient for processing and managing this volume of data, requiring instead the use of supercomputers and advanced algorithms for efficiency.
The dimensions commonly referred to in relation to big data are volume, velocity, and variety, not value, density, and uniformity. The notion of geometric decay is not associated with the accumulation of big data, which, in contrast, displays an expansive trajectory. Thus, the correct statement is (d) It is a result of exponential growth of data in both public and private organizations.