Author Timothy Ashley says that as interesting as this inscription is, it does not shed any light on when Balaam lived beyond the information already given in the book of Numbers. The discovery of the Balaam text at Deir 'Alla (ancient Succoth, just north of the Jabbok in Transjordan) provides a strong link between a Balaam tradition and this area, although the existence of a Balaam story there in the 8th/7th cent. (the text is dated c. 850-675 B.C.) may or may not speak of the origins of Balaam in the area some centuries earlier. "The Book of Numbers" by Timothy R. Ashley, (Eerdmans, 1993) p. 446, n. 22.
Source: Wikipedia > Book Of Numbers
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