Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks or enhancing work. Highly educated jobs may see the biggest impact, while blue-collar roles may benefit from increased demand.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Budget Analysts be replaced by AI & Robots?

Budget Analysts risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

48
(1-100)

Source

Key findings

GenAI is revolutionizing the role of Budget Analysts by automating tasks like number crunching and market analysis.

It enhances regulatory compliance, streamlines decision-making, and improves data access.

This technology simplifies complex problem-solving, aids in financial management, and allows for continuous learning.

Budget Analysts now rely on GenAI for efficient data analysis, critical thinking, and system evaluation, transforming their workflow and enhancing productivity.

How could AI or automation replace or complement job activities?

AI and automation could be utilized in the job of analyzing and summarizing budgets, maintaining expenditure controls, compiling accounting records, and conducting cost-benefit analyses.

For example, AI could assist in analyzing trends affecting budget needs and exploring alternative financing methods for Budget Analysts.

Job description

Review budget estimates to ensure they are accurate and follow guidelines. Analyze budget and accounting reports.

Consequence of Making Errors

48

(1-100)

Moderately serious Source
The seriousness of errors for budget analysts doesn't directly indicate automation potential; other factors are more crucial.

How Repetitive is the Job?

77

(1-100)

Very important Source
Jobs like Budget Analysts, which involve many repetitive tasks, face higher automation risks. However, automation often targets specific tasks, meaning some aspects of the role may change, not disappear.
Average Anual salary USD$
$87,680
Number of profesionals in USA
40,000

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