3492293 - Error "Entity Set Name does not exist" when creating Data Flow from Cloud Data Integration connection

During a new Data Flow creation on a Cloud Data Integration type connection (integration with SAP Analytics Cloud (SAC)) similar error message pops up as below:

An error occurred while accessing the connection. Open the "Connection" app in the side navigation panel, validate the connection, and view the details. If you do not have access to the "Connection" app, please contact your administrator.
We can provide the following information to assist either you or an SAP engineer to solve the issue:

Correlation ID: xxxxxxxxxxxxxxxxxxxxxxxxxxx
HTTP Status: 500 error
Error Code: getChildrenFailed
Technical Message: Failed to fetch the data. Error in getDisConnectionChildren. Failed to get container children for /.
Cause 1: {"error":{"code":"xxxxxxxxxxxxxxxxxxxxxxxxxxx","message":"Entity Set Name does not exist [3707]"}}null [HTTP/1.1 400 Bad Request] Code:xxxxx;
Cause 2: {"error":{"code":"xxxxxxxxxxxxxxxxxxxxxxxxxxx","message":"Entity Set Name does not exist [3707]"}}null [HTTP/1.1 400 Bad Request] Code:xxxxx;

SAP Datasphere

SAP Analytics Cloud 

KBA , DS-DI-CON , Connections , Known Error