ISO 15926 technology addresses interoperability challenges in the oil and gas industry that previous technologies couldn't resolve, emphasizing a federated approach to enable diverse enterprises to collaborate effectively. This involves accommodating different terminologies and methodologies while using entity capability profiles for mapping input and output information efficiently. The document highlights the importance of high-quality reference data and outlines various tools and implementations that support this standard, particularly with the example of Bechtel's successful use of ISO 15926 for data management.