Error. VimSdk component failed on the agent machine

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Error message

Message logs in the Management Console of the Backup & Disaster Recovery appliance show the following error:

DR Image Backup Engine Error:
  - VimSdk component failed on the agent machine. Win32 error: 0x00000040 The specified network name is no longer available
  - Application 'Volumes' was failed and should be excluded from the current task

Steps to resolve

Change the engine used to create the DR image backups to Standard.