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In general integrated GPU's (like the one on  i3-1115G4) will often struggle but i think in this case the low amount of RAM will be the biggest issue since the GPU will share the RAM with the system.

From the error it looks like the GPU driver crash or something similar, probably due to not being able to handle the amount of data.

Have you tried playing any other Unreal based games successfully? I think it will be difficult in general unless they have 2d graphics or are optimized for mobile.

Yes, I have gotten an Unreal Engie game to run although it wasn't OpenWorld, I've got a unity game that is open world to run though.