3517410 - Error "Unexpected token 'S', "[String]400"... is not valid JSON" while trying to create an SAC story - SAP Analytics Cloud

Get the following error message while trying to create an SAC story based on BW direct Live Data Connection:

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Error: Unexpected token 'S', "[String]400"... is not valid JSON
Model: [...]
Correlation ID: [...]
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Also, a GetResponse call from the network trace (.HAR file, KBA 2280022) returned the error message below:

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{
    "Type": 2,
    "Number": 100,
    "MessageClass": "BW_BICS_INA",
    "Text": "BW_INA_GR_APPL_ERROR"
  ...
}
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• SAP Analytics Cloud
• SAP NetWeaver
• SAP BW/4HANA
• SAP S/4HANA

BW_INA_GR_APPL_ERROR, Unexpected token 'S', BW_BICS_INA, is not valid JSON, hierarchy, value help, Error [IOLayer]: (#2001) , KBA , BW-BEX-OT-BICS-INA , BW INA provider , LOD-ANA-LDC-BW , SAC Live Data Connection BW , Known Error