By some, no. But by others such as notable archeologists and history scholars who have used it to establish the existence of historical figures, it has proven to be invaluable as a guide.
For example, Bible critics questioned the existence of Pontius Pilate, the Roman governor of Judea who handed Jesus over to be impaled. (Matthew 27:1-26) Evidence that Pilate was once ruler of Judea is etched on a stone discovered at the Mediterranean seaport city of Caesarea in 1961.
Before 1993, there was no proof outside the Bible to support the historicity of David, the brave young shepherd who later became king of Israel. That year, however, archaeologists uncovered in northern Israel a basalt stone, dated to the ninth century B.C.E., that experts say bears the words “House of David” and “king of Israel.”
And until recently, many scholars doubted the accuracy of the Bible’s account of the nation of Edom battling with Israel in the time of David. (2 Samuel 8:13, 14) Edom, they argued, was a simple pastoral society at the time and did not become sufficiently organized or have the might to threaten Israel until much later. However, recent excavations indicate that “Edom was a complex society centuries earlier [than previously thought], as reflected in the Bible,” states an article in the journal Biblical Archaeology Review.