Consider the question. The New International Version (NIV) is an English translation of the Bible first published in 1978 by Biblica (formerly the International Bible Society). Many popular, earlier versions of the Bible, such as the King James Bible, were themselves based on earlier translations of average quality. Since then many discoveries had been made. The NIV was published to meet the need for a modern translation done by Bible scholars using the earliest, highest quality scriptures available. Of equal importance was that the Bible be expressed in broadly understood modern English.

Answer this question based on the passage: what is the niv translation of the bible?
What is the step-by-step reasoning process to arrive at the answer: an English translation of the Bible first published in 1978 by Biblica ( formerly the International Bible Society )?
The important part for answering this question is: The New International Version (NIV) is an English translation of the Bible first published in 1978 by Biblica (formerly the International Bible Society).