The Entity Framework is an object-relational mapper that bridges the gap between object-oriented programming and relational databases. It generates business objects and entities from database tables and allows CRUD operations and managing relationships. Benefits include writing data access logic in higher-level languages and replacing the underlying data store without much overhead. The Entity Framework architecture includes an Entity Data Model that maps objects to the database using three layers - conceptual, storage, and mapping. The EDM can now be created using database first, model first, or code only approaches.