SharePoint 2013 Resolving the error - Microsoft.Office.Server.UserProfiles.UserProfileApplicationNotAvailableException: UserProfileApplicationNotAvailableException_Logging :: UserProfileApplicationProxy.ApplicationProperties ProfilePropertyCache does not have <GUID>

Recently I received above error when accessing user profile service’s REST services to access profile information. following are the steps I used to overcome the error

Step 1

Go to IIS Manager and select Authentication

Step 2

Select Anonymous authentication

Step 3

Select Edit

Step 4

Select Specific User and provide “IUSR” without any password