Follow these steps in order. They have a 99% success rate.
Ensure your Windows installation has the necessary legacy DirectX components by downloading the installer from the Official Microsoft Support Page Why downloading the file doesn't work globalshadercache-pcd3d-sm4.bin file download
The error usually indicates that your computer’s graphics card does not support DirectX 11 (Shader Model 4.0/5.0) , which is required by the game or application (often built on Unreal Engine 4). Follow these steps in order