Error - Side-by-side configuration is incorrect..... for Revit

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I am hoping someone can help me resolve this error. It has occurred directly after installing Revit 2017 on Windows 8.1.
I have read the AutoCAD posts related to the same error but do not know where to find the Microsoft Visual C++ Redistributable within my Revit program files(as if it's the same solution as AutoCAD). I have seen one other post within the Revit forums on this issue that went unanswered. Apologies if there is a resolution out there already.
Error Message:
"C:\Program Files\Autodesk\Revit 2017\Revit.exe
The application has failed to start because its side-by-side configuration is incorrect. Please see the application event log or use the command-line sxstrace.exe tool for more information"
Does anyone know how to correct this for Revit 2017?