Analysis variant &1 is too long

What causes this issue?

Due to further developments (connection to the object directory entry)
the names of analysis variants had to be shortened from 30 to 24
characters.
The name of analysis variant &v1& has &v2& characters and is therefore
too long.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

If you want to change this analysis variant you must delete the existing
variant first and recreate it with a valid name. Already existing
analyses that used this analysis variant are not lost by this name
change.
Up to this point you can still carry out analyses with this
variant.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.